NJR (NYSE: NJR) executive sells 3,000 shares, retains 35k+ stake

Rhea-AI Filing Summary

NEW JERSEY RESOURCES CORP executive Patrick J. Migliaccio, Senior VP and COO of NJNG, completed an open-market sale of 3,000 shares of common stock on May 11, 2026 at an average price of $55.835 per share. After this transaction, he directly holds 35,202.131 shares of company stock, indicating he retains a substantial position. A footnote also notes an upward adjustment of 137.353 shares to reflect market-based changes in his balance in the company’s Employees' Retirement Savings Plan under Section 401(k) of the Internal Revenue Code.

Insider Trade Summary

Net Seller: 3,000 shares ($167,505)

Net Sell 1 txn

Insider Migliaccio Patrick J.

Role Senior VP and COO, NJNG

Sold 3,000 shs ($168K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$55.835	$168K

Holdings After Transaction: Common Stock — 35,202.131 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 3,000 shares Sale price per share: $55.835 per share Shares held after sale: 35,202.131 shares +1 more

4 metrics

Shares sold 3,000 shares Open-market sale on May 11, 2026

Sale price per share $55.835 per share Common stock transaction

Shares held after sale 35,202.131 shares Direct ownership following transaction

401(k) plan adjustment 137.353 shares Market-based change in retirement savings plan balance

Key Terms

open-market sale, Section 401(k), Employees' Retirement Savings Plan, direct ownership

4 terms

open-market sale financial

"transaction_action: "open-market sale" for 3,000 common shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Section 401(k) financial

"a plan qualified under Section 401(k) of the Internal Revenue Code"

Employees' Retirement Savings Plan financial

"the New Jersey Resources Corporation Employees' Retirement Savings Plan"

direct ownership financial

"ownership_type: "direct" and ownership_code: "D""

Form 4 Insider Transactions: What Each Field Means →

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^*

Migliaccio Patrick J.

(Last) (First) (Middle)

1415 WYCKOFF ROAD

(Street)

WALL NEW JERSEY 07719

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Senior VP and COO, NJNG

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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

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

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

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	05/11/2026		S		3,000	D	$55.835	35,202.131(1)	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. Total adjusted upward by 137.353 shares to reflect the market-based change in the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, which is a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Patrick J. Migliaccio	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NJR executive Patrick J. Migliaccio report?

Patrick J. Migliaccio reported an open-market sale of 3,000 shares of NEW JERSEY RESOURCES CORP common stock. The sale took place on May 11, 2026 at an average price of $55.835 per share, according to his Form 4 filing.

How many NJR shares does Patrick J. Migliaccio hold after this Form 4 sale?

Following the reported sale, Patrick J. Migliaccio directly holds 35,202.131 shares of NEW JERSEY RESOURCES CORP common stock. This remaining stake shows he continues to have a sizable direct ownership position in the company after the transaction.

What was the sale price for the NJR shares in Migliaccio’s Form 4 filing?

The 3,000 NJR common shares sold by Patrick J. Migliaccio were transacted at an average price of $55.835 per share. This price reflects the open-market sale terms disclosed in the Form 4 insider trading report for May 11, 2026.

Does the NJR Form 4 mention any retirement plan adjustments for Migliaccio?

Yes. A footnote states Migliaccio’s total holdings were adjusted upward by 137.353 shares. This change reflects market-based movements in his balance within NEW JERSEY RESOURCES CORPORATION Employees' Retirement Savings Plan, a qualified Section 401(k) retirement plan.

Is Patrick J. Migliaccio’s NJR stock ownership direct or indirect?

The Form 4 classifies Migliaccio’s reported holdings as direct ownership. The transaction is coded with ownership type “D,” indicating he holds the NEW JERSEY RESOURCES CORP common stock directly rather than through a separate entity or trust.