NJR Form 4: Officer withholds shares at $46.22 for tax on vesting

New Jersey Resources (NJR) officer reports tax-withholding share transactions.

Rhea-AI Filing Summary

New Jersey Resources (NJR) officer reports tax-withholding share transactions. Corporate Controller and PAO Stephen Skrocki reported three Code F transactions on 10/15/2025, reflecting shares withheld to cover taxes upon vesting of equity awards at a price of $46.22 per share.

The withholdings were tied to vesting of RSUs granted on 11/15/2023 and 11/06/2024 and a Deferred Stock Retention award granted on 11/10/2022. Following the transactions, beneficial ownership stood at 5,866.389 shares. Footnotes note dividend equivalents credited upon vesting, and future tranches scheduled to vest on October 15, 2026 and October 15, 2027, as applicable.

Insider Trade Summary

Exercise Price or Tax Liability: 993 shares

Exercise Price or Tax Liability 3 txns

Insider Skrocki Stephen

Role Corporate Controller and PAO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	144	$46.22	$7K
Exercise Price or Tax Liability	Common Stock	163	$46.22	$8K
Exercise Price or Tax Liability	Common Stock	686	$46.22	$32K

Holdings After Transaction: Common Stock — 5,866.389 shares (Direct)

Footnotes (6)

1. F1. Represents shares withheld to pay taxes due upon vesting of the second tranche of the Restricted Stock Unit (RSU) award previously granted on November 15, 2023. The final tranche will vest on October 15, 2026.
2. F2. Total adjusted for 35 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
3. F3. Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 6, 2024. The second and third tranches will vest on October 15, 2026 and October 15, 2027, respectively.
4. F4. Total adjusted for 20 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
5. F5. Represents shares withheld to pay taxes due upon vesting of the Deferred Stock Retention (DSR) award previously granted on November 10, 2022.
6. F6. Total adjusted for 229 accrued dividend equivalents payable upon vesting of DSRs. Each DSR and dividend equivalent converts into one share of NJR Common Stock upon vesting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NJR (NJR) disclose in this Form 4?

An officer reported three Code F transactions on 10/15/2025, where shares were withheld to pay taxes on vesting of equity awards at $46.22 per share.

Who is the reporting person and their role at NJR (NJR)?

The reporting person is Stephen Skrocki, NJR's Corporate Controller and PAO.

What do the Code F transactions signify for NJR (NJR)?

Code F indicates shares withheld to satisfy tax obligations upon equity award vesting, not open-market purchases or sales.

How many shares does the officer own after these transactions?

Beneficial ownership is 5,866.389 shares following the reported transactions.

Which awards vested and triggered withholding at NJR (NJR)?

Vesting related to RSUs granted on 11/15/2023 and 11/06/2024, and a DSR granted on 11/10/2022.

Are there future vesting dates mentioned for NJR (NJR) awards?

Yes. Disclosed future tranches vest on October 15, 2026 and October 15, 2027, as applicable.

Were dividend equivalents included with NJR (NJR) awards?

Yes. Footnotes state accrued dividend equivalents convert into one share per unit upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/17/2025 - 02:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Skrocki Stephen

(Last) (First) (Middle)

C/O NEW JERSEY RESOURCES CORPORATION

1415 WYCKOFF ROAD

(Street)

WALL NJ 07719

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW JERSEY RESOURCES CORP [ NJR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Corporate Controller and PAO

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2025		F		144(1)	D	$46.22	6,466.389(2)	D
Common Stock	10/15/2025		F		163(3)	D	$46.22	6,323.389(4)	D
Common Stock	10/15/2025		F		686(5)	D	$46.22	5,866.389(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to pay taxes due upon vesting of the second tranche of the Restricted Stock Unit (RSU) award previously granted on November 15, 2023. The final tranche will vest on October 15, 2026.

2. Total adjusted for 35 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

3. Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 6, 2024. The second and third tranches will vest on October 15, 2026 and October 15, 2027, respectively.

4. Total adjusted for 20 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

5. Represents shares withheld to pay taxes due upon vesting of the Deferred Stock Retention (DSR) award previously granted on November 10, 2022.

6. Total adjusted for 229 accrued dividend equivalents payable upon vesting of DSRs. Each DSR and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Stephen Skrocki	10/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.