New Jersey Resources withholds Cradic shares for taxes

The withholdings related to RSU awards granted November 15, 2023, November 6, 2024 and November 4, 2025.

Rhea-AI Filing Summary

At New Jersey Resources (NJR), Amy Cradic, SVP & COO Non-Utility Business, had 992, 764 and 852 common shares withheld to pay taxes upon vesting on October 15, 2026. The withholdings related, respectively, to the third and final tranche of an RSU award granted November 15, 2023, the second tranche of an award granted November 6, 2024, and the first tranche of an award granted November 4, 2025. The reported price was $51.53 per share for each transaction.

Insider Trade Summary

Tax Withholding: 2,608 shares

Tax Withholding 3 txns

Insider Cradic Amy

Role SVP & COO Non-Utility Business

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	992	$51.53	$51K
Tax Withholding	Common Stock F3, F4	764	$51.53	$39K
Tax Withholding	Common Stock F5, F6	852	$51.53	$44K

Holdings After Transaction: Common Stock — 50,291.265 shares (Direct)

Footnotes (6)

1. F1. Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 15, 2023.
2. F2. Total adjusted for251 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
3. F3. Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 6, 2024. The final tranche will vest on October 15, 2027.
4. F4. Total adjusted for 132 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 first tranche of the RSU award previously granted on November 4, 2025. The second and third tranches will vest on October 15, 2027 and October 15, 2028, respectively.
6. F6. Total adjusted for 57 accrued dividend equivalents payable upon vesting of RSUs and includes 402.265 shares accrued through dividends under the NJR Dividend and Reinvestment Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Key Figures

Shares withheld: 992 shares Shares withheld: 764 shares Shares withheld: 852 shares +1 more

4 metrics

Shares withheld 992 shares Taxes upon vesting of the third and final tranche of the award granted November 15, 2023; October 15, 2026

Shares withheld 764 shares Taxes upon vesting of the second tranche of the award granted November 6, 2024; October 15, 2026

Shares withheld 852 shares Taxes upon vesting of the first tranche of the award granted November 4, 2025; October 15, 2026

Reported price $51.53 per share Each transaction on October 15, 2026

Key Terms

Restricted Stock Unit (RSU), dividend equivalents, vesting, tranche

4 terms

Restricted Stock Unit (RSU) financial

"vesting of the third and final tranche of the Restricted Stock Unit (RSU) award"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

dividend equivalents financial

"accrued dividend equivalents payable upon vesting of RSUs"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

vesting financial

"shares withheld to pay taxes due upon vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tranche financial

"the second tranche of the RSU award"

A tranche is one slice of a larger financing or investment that is released, sold, or paid out in separate parts rather than all at once. Investors care because each slice can carry different risk, return and timing—like buying pieces of a cake where some slices are richer or come later—so the specific tranche you hold affects when you get paid and how much you might gain or lose.

FAQ

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

What NJR share amounts were withheld from Amy Cradic for taxes on October 15, 2026?

The reported amounts were 992, 764 and 852 common shares, each at a reported price of $51.53 per share. The withholdings paid taxes due upon vesting of RSU award tranches.

When are the remaining tranches of Amy Cradic's NJR RSU awards scheduled to vest?

For the award granted November 6, 2024, the final tranche will vest October 15, 2027. For the award granted November 4, 2025, the second and third tranches will vest October 15, 2027, and October 15, 2028, respectively.

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

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Available on EDGAR 10/16/2026 - 05:11 PM EDT Accepted by SEC EDGAR 10/16/2026 - 05:10 PM EDT 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^*

Cradic Amy

(Last) (First) (Middle)

C/O NEW JERSEY RESOURCES CORPORATION

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)
	SVP & COO Non-Utility Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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	10/15/2026		F		992(1)	D	$51.53	51,316(2)	D
Common Stock	10/15/2026		F		764(3)	D	$51.53	50,684(4)	D
Common Stock	10/15/2026		F		852(5)	D	$51.53	50,291.265(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 third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 15, 2023.

2. Total adjusted for251 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.

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

4. Total adjusted for 132 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 first tranche of the RSU award previously granted on November 4, 2025. The second and third tranches will vest on October 15, 2027 and October 15, 2028, respectively.

6. Total adjusted for 57 accrued dividend equivalents payable upon vesting of RSUs and includes 402.265 shares accrued through dividends under the NJR Dividend and Reinvestment Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Remarks:

	/s/Melissa Abraham, as attorney-in-fact for Amy Cradic	10/16/2026
	** 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)