Director Hardwick receives NJR (NYSE: NJR) RSUs and stock from vesting

Rhea-AI Filing Summary

New Jersey Resources Corporation director M. Susan Hardwick reported equity-award activity on January 21, 2026. She received 3,022.723 Restricted Stock Units (RSUs) as her annual non‑employee director retainer, each representing a contingent right to one share of NJR common stock plus dividend equivalents. This RSU award will vest in full on the earlier of the first anniversary of the grant date or the next NJR annual meeting of shareowners.

The filing also shows 2,824.859 RSUs from a grant originally made on January 21, 2025 vested 100% and were converted one‑for‑one into NJR common shares. In connection with RSU-related activity, 2,938 shares of common stock were acquired at $47.97 per share, with the total including 112.968 dividend equivalents and a fractional share rounded to the next whole share. After these transactions, Hardwick directly holds 17,440 shares of NJR common stock.

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^*

Hardwick M Susan

(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		2,938(1)	A	$47.97	17,440	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			2,824.859	(5)	(5)	Common Stock	2,824.859	$0	0	D

Explanation of Responses:

1. Total includes 112.968 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 January 21, 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 M. Susan Hardwick	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.
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.

FAQ

What insider transactions did NJR director M. Susan Hardwick report on January 21, 2026?

M. Susan Hardwick reported receiving 3,022.723 RSUs as an annual director retainer, full vesting and conversion of 2,824.859 RSUs from a 2025 grant into common stock, and the acquisition of 2,938 NJR common shares at $47.97 per share.

How many New Jersey Resources (NJR) shares does M. Susan Hardwick own after these Form 4 transactions?

Following the reported transactions, M. Susan Hardwick directly beneficially owns 17,440 shares of New Jersey Resources Corporation common stock.

What is the nature of the RSU grant reported by NJR director M. Susan Hardwick?

The grant of 3,022.723 RSUs represents the annual RSU retainer under NJR’s Non‑Employee Director Compensation Plan, with each RSU equal to one NJR common share plus dividend equivalents.

When will the newly granted NJR RSUs to M. Susan Hardwick vest?

The new RSU award to M. Susan Hardwick 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.

What does the NJR Form 4 say about dividend equivalents on M. Susan Hardwick’s RSUs?

The filing notes that totals include 112.968 dividend equivalents accrued on RSUs, plus a fractional share rounded to the next whole share, and that RSUs carry dividend equivalents in addition to the right to receive NJR common stock.

Which prior NJR RSU award for M. Susan Hardwick fully vested in this Form 4?

The Form 4 states that 2,824.859 RSUs granted on January 21, 2025 under the Non‑Employee Director Compensation Plan vested 100% and were converted one‑for‑one into shares of NJR common stock.