Director Yardley receives NJR (NJR) RSUs and converts prior awards

Rhea-AI Filing Summary

New Jersey Resources Corporation director William T. Yardley reported equity-based compensation and vesting activity in company securities. On January 21, 2026, he received an annual grant of 3,022.723 restricted stock units (RSUs) under the Non-Employee Director Compensation Plan, with each RSU representing a contingent right to one share of NJR common stock plus dividend equivalents. The award will vest in full on the earlier of the first anniversary of the grant date or the next NJR annual meeting of shareowners.

On the same date, 1,504.306 RSUs granted on July 1, 2025 became 100% vested and were converted on a one-for-one basis into NJR common shares. A related transaction shows 1,535 shares of common stock acquired directly at an exercise price of $47.97 per share, with Yardley holding 1,535 common shares directly following the transaction. The reported common share total includes 30.85 dividend equivalents accrued on RSUs plus a fractional share rounded up to a whole share.

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

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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^*

Yardley William T.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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	01/21/2026		M		1,535(1)	A	$47.97	1,535	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
Restricted Stock Units	(2)	01/21/2026		A		3,022.723		(3)	(3)	Common Stock	3,022.723	$0	3,022.723	D
Restricted Stock Units	(4)	01/21/2026		M			1,504.306	(5)	(5)	Common Stock	1,504.306	$0	0	D

Explanation of Responses:

1. Total includes 30.85 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

2. Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.

3. The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.

4. Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

5. Represents 100 percent vesting of RSUs granted on July 1, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for William T. Yardley	01/23/2026
	** 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.
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FAQ

What insider transactions did NJR director William T. Yardley report on this Form 4?

Director William T. Yardley reported an annual grant of 3,022.723 restricted stock units (RSUs), full vesting and conversion of 1,504.306 RSUs granted on July 1, 2025, and the acquisition of 1,535 shares of NJR common stock at an exercise price of $47.97 per share, all dated January 21, 2026.

How many New Jersey Resources (NJR) RSUs did William T. Yardley receive in the latest grant?

On January 21, 2026, William T. Yardley received an annual retainer grant of 3,022.723 restricted stock units (RSUs) under NJR’s Non-Employee Director Compensation Plan. Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

When will William T. Yardleys new NJR RSU award vest?

The 3,022.723 RSU award granted to William T. Yardley will vest in full on the earlier of the first anniversary of the grant date or the date of the next NJR Annual Meeting of Shareowners, as disclosed in the compensation plan footnotes.

What happened to William T. Yardleys previously granted NJR RSUs from July 1, 2025?

The filing states that 1,504.306 RSUs granted on July 1, 2025 reached 100% vesting on January 21, 2026. These RSUs were converted one-for-one into NJR common stock, consistent with the Non-Employee Director Compensation Plan terms.

How many NJR common shares does William T. Yardley hold directly after these transactions?

Following the reported transactions on January 21, 2026, William T. Yardley directly holds 1,535 shares of NJR common stock. This total includes 30.85 dividend equivalents accrued on RSUs and a small fractional share rounded to the next whole share.

What is the exercise or conversion price reported for William T. Yardleys NJR common stock transaction?

The Form 4 reports that 1,535 shares of NJR common stock were acquired in a transaction coded M at a price of $47.97 per share, reflecting the exercise or conversion price associated with the equity award.