Roberto Bel - 04 Nov 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Reporting relationship: SVP and CFO
Issuer ticker: NJR
Reported as of: 04 Nov 2025
Net transaction value: +$529,454
SEC form: 4
Accepted by SEC: 06 Nov 2025, 15:52:15 UTC
Prior SEC filing: 17 Oct 2025
Next SEC filing: 17 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/Tejal K. Mehta, as attorney-in-fact for Roberto F. Bel

Key filing fact

Roberto Bel filed Form 4 for NEW JERSEY RESOURCES CORP (NJR) on 06 Nov 2025.

Key facts

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

Change

Previous filing in this sequence was filed on 17 Oct 2025.
Current net transaction value: +$529,454.

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 0001900875 Primary reporting owner

Bel Roberto

Relationship: SVP and CFO
Address: C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL
Signature: /s/Tejal K. Mehta, as attorney-in-fact for Roberto F. Bel
Signature date: 06 Nov 2025

Reported non-derivative transactions

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

NJR transaction

Common Stock

Award

Transaction value: $250,398
Shares: +5,583
Change %: +27%
Price: $44.85
Shares after: 25,885
Date: 04 Nov 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NJR transaction Derivative

Phantom Stock

Award

Transaction value: $115,309
Shares: +2,571
Change %: +60%
Price: $44.85
Shares after: 6,854
Date: 04 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,571
Exercise price
Footnotes: F2

NJR transaction Derivative

Phantom Stock

Tax liability

Transaction value: $2,736
Shares: -61
Change %: -0.89%
Price: $44.85
Shares after: 6,793
Date: 04 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 61
Exercise price
Footnotes: F2, F3

NJR transaction Derivative

Phantom Stock

Award

Transaction value: $170,520
Shares: +3,802
Change %: +56%
Price: $44.85
Shares after: 10,595
Date: 04 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,802
Exercise price
Footnotes: F4

NJR transaction Derivative

Phantom Stock

Tax liability

Transaction value: $4,036
Shares: -90
Change %: -0.84%
Price: $44.85
Shares after: 10,673
Date: 04 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 90
Exercise price
Footnotes: F3, F4, 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 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.

Footnote F2

The phantom stock represents performance share units, which vested at 97 percent of target (plus 272 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 appliable performance goal. These shares have been deferred pursuant to NJR's Officers' Deferred Compensation Plan and are to be paid in four equal annual installments beginning in January 2029. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

Footnote F3

Represents shares withheld to pay taxes due upon deferral of performance share unit award.

Footnote F4

The phantom stock represents performance share units, which vested at 134 percent of target (plus 398 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the appliable performance goal. These shares have been deferred pursuant to NJR's Officers' Deferred Compensation Plan and are to be paid in four equal annual installments beginning in January 2029. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

Footnote F5

Total reflects a positive adjustment of 167.875 shares representing investment gains or losses and for dividends accrued under NJR's Officers' Deferred Compensation Plan.