Lori DelGiudice - Sep 30, 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role: SVP, Human Resources
Signature: /s/Tejal K. Mehta, as attorney-in-fact for Lori DelGiudice
Stock symbol: NJR
Transactions as of: Sep 30, 2023
Transactions value $: -$28,766
Form type: 4
Date filed: 10/3/2023, 08:10 PM
Previous filing: Nov 14, 2022
Next filing: Oct 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NJR	Common Stock	Tax liability	-$28.8K	-708	-5.57%	$40.63	12K	Sep 30, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld to pay taxes due upon vesting of the first tranche of 22 percent of the Restricted Stock Unit (RSU) award previously granted on November 10, 2022. The second annual installment of 22 percent will vest on September 30, 2024, and the third and final installment of 56 percent will vest on September 30, 2025. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation (NJR) Common Stock.
F2	Total adjusted for 82 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Content

Represents shares withheld to pay taxes due upon vesting of the first tranche of 22 percent of the Restricted Stock Unit (RSU) award previously granted on November 10, 2022. The second annual installment of 22 percent will vest on September 30, 2024, and the third and final installment of 56 percent will vest on September 30, 2025. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation (NJR) Common Stock.

Total adjusted for 82 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.