Stephen D. Westhoven - 04 Nov 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Reporting relationship: President & CEO, Director
Issuer ticker: NJR
Reported as of: 04 Nov 2025
Net transaction value: +$1,165,113
SEC form: 4
Accepted by SEC: 06 Nov 2025, 15:52:48 UTC
Prior SEC filing: 02 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Tejal K. Mehta, as attorney-in-fact for Stephen D. Westhoven

Key filing fact

Stephen D. Westhoven filed Form 4 for NEW JERSEY RESOURCES CORP (NJR) on 06 Nov 2025.

Key facts

This page summarizes Stephen D. Westhoven's Form 4 filing for NEW JERSEY RESOURCES CORP (NJR).
6 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Nov 2025, 15:52.

Change

Previous filing in this sequence was filed on 02 Oct 2025.
Current net transaction value: +$1,165,113.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001492218 Primary reporting owner

Westhoven Stephen D

Relationship: President & CEO, Director
Address: C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL
Signature: /s/ Tejal K. Mehta, as attorney-in-fact for Stephen D. Westhoven
Signature date: 05 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NJR transaction

Common Stock

Award

Transaction value: $574,170
Shares: +12,802
Change %: +5.8%
Price: $44.85
Shares after: 234,611
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F1

NJR transaction

Common Stock

Tax liability

Transaction value: $282,779
Shares: -6,305
Change %: -2.7%
Price: $44.85
Shares after: 228,306
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F2

NJR transaction

Common Stock

Award

Transaction value: $694,188
Shares: +15,478
Change %: +6.8%
Price: $44.85
Shares after: 243,784
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F3

NJR transaction

Common Stock

Tax liability

Transaction value: $341,892
Shares: -7,623
Change %: -3.1%
Price: $44.85
Shares after: 236,161
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F2

NJR transaction

Common Stock

Award

Transaction value: $1,027,469
Shares: +22,909
Change %: +9.7%
Price: $44.85
Shares after: 259,070
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F4

NJR transaction

Common Stock

Tax liability

Transaction value: $506,043
Shares: -11,283
Change %: -4.4%
Price: $44.85
Shares after: 247,786
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents the first tranche of performance-based restricted stock units, previously granted on November 6, 2024, plus 484 accrued dividend equivalents. The second and third tranches will vest on September 30, 2026 and September 30, 2027, respectively. The applicable goal has been satisfied by New Jersey Resources Corporation (NJR) and certified by the Leadership Development and Compensation Committee (LDCC). Each performance-based restricted stock unit and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Footnote F2

Represents shares withheld to pay taxes due upon vesting of performance share units.

Footnote F3

Represents number of performance share units, which vested at 97 percent of target (plus 1,629 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.

Footnote F4

Represents number of performance share units, which vested at 134 percent of target (plus 2,408 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.

Footnote F5

Total includes an adjustment of 0.786 shares to correct a prior rounding error.