Amy Cradic - Nov 4, 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP & COO Non-Utility Business
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Amy Cradic
Stock symbol
NJR
Transactions as of
Nov 4, 2025
Transactions value $
$444,598
Form type
4
Date filed
11/6/2025, 03:52 PM
Previous filing
Oct 17, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cradic Amy SVP & COO Non-Utility Business C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL /s/ Tejal K. Mehta, as attorney-in-fact for Amy Cradic 2025-11-06 0001807367

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Award $262K +5.84K +13.85% $44.85 48K Nov 4, 2025 Direct F1
transaction NJR Common Stock Award $189K +4.23K +8.81% $44.85 52.2K Nov 4, 2025 Direct F2
transaction NJR Common Stock Tax liability -$80.4K -1.79K -3.43% $44.85 50.4K Nov 4, 2025 Direct F3
transaction NJR Common Stock Award $128K +2.85K +5.66% $44.85 53.3K Nov 4, 2025 Direct F4
transaction NJR Common Stock Tax liability -$54.3K -1.21K -2.27% $44.85 52.1K Nov 4, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2026, October 15, 2027 and October 15, 2028. Each RSU represents a contingent right to receive one share of NJR Common Stock.
F2 Represents number of performance share units, which vested at 134 percent of target (plus 444 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
F3 Represents shares withheld to pay taxes due upon vesting of performance share units.
F4 Represents number of performance share units, which vested at 97 percent of target (plus 300 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.