Sharon C. Taylor - 25 Jan 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role: Director
Signature: /s/ Tejal K. Mehta, as attorney-in-fact for Sharon C. Taylor
Issuer symbol: NJR
Transactions as of: 25 Jan 2023
Net transactions value: +$150,822
Form type: 4
Filing time: 27 Jan 2023, 15:13:42 UTC
Previous filing: 09 Jan 2023
Next filing: 08 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NJR	Common Stock	Options Exercise	$150,822	+3,042	+17%	$49.58	21,217	25 Jan 2023	Direct	F1

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	Restricted Stock Units	Award	$0	+2,521		$0.000000	2,521	25 Jan 2023	Common Stock	2,521		Direct	F2, F3
transaction	NJR	Restricted Stock Units	Options Exercise	$0	-2,942	-100%	$0.000000^*	0	25 Jan 2023	Common Stock	2,942		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Total shares include 99.326 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .745 shares for rounding to the next whole share.
F2	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.
F3	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.
F4	Represents 100 percent vesting of RSUs granted on January 26, 2022, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.