Michael A. O'Sullivan - 27 Oct 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role: Director
Signature: /s/ Tejal K. Mehta, as attorney-in-fact for Michael A. O'Sullivan
Issuer symbol: NJR
Transactions as of: 27 Oct 2022
Net transactions value: +$20,424
Form type: 4
Filing time: 31 Oct 2022, 19:22:33 UTC
Next filing: 27 Jan 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NJR	Common Stock	Award	$20,424	+460		$44.44	460	27 Oct 2022	Common Stock	460		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.
F2	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.