NJR · New Jersey Resources Corp

The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $57.33 and $57.345. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

Total adjusted upward by 137.353 shares to reflect the market-based change in the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, which is a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended.

The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.

The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $52.95 and $53.03. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

Total adjusted for 241.952 shares accrued through dividend reinvestment under the New Jersey Resources Corporation Dividend and Reinvestment Plan and one additional share attributable to a prior rounding adjustment.

The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.

The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.9675 and $55.43. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.

The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.97 and $55.43. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.

The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.97 and $55.43. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

Represents the annual Restricted Stock Unit ("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.

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.

Represents the annual Restricted Stock Unit ("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.

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.

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.

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.

Total includes 30.85 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

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.

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.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

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.

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.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Represents the annual Restricted Stock Unit ("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.

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.

Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Represents the annual Restricted Stock Unit ("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.

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.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on July 1, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

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.

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.

Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

Total includes 5.282 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

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.

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.

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.

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.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

Represents 100 percent vesting of RSUs granted on November 3, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Each Phantom Stock Unit is the economic equivalent of one share of NJR Common Stock.

The phantom stock units represent the 2021 restricted stock unit vesting that was deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in one lump sum in January 2026.

Each phantom stock unit is the economic equivalent of one share of NJR Common Stock.

The phantom stock units represent the 2019 director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in three installments beginning in January 2024.

Each restricted stock unit represents a contingent right to receive one share of NJR's Common Stock plus dividend equivalents.

The restricted stock unit award represents director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in five installments beginning in January 2026.

Represents the distribution of restricted stock units, including 137 shares for accrued dividends, for the 2021 restricted stock unit vesting that was deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors' Deferred Compensation Plan. Each share of restricted stock units and dividend equivalents is the economic equivalent of one share of NJR Common Stock.

Total adjusted for .078 accrued dividends under the NJR Dividend and Reinvestment Plan.

Represents the distribution of phantom stock units, including 504 shares for accrued dividends, for the 2021 restricted stock unit vesting that was deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors' Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.

Represents the third and final distribution of phantom stock units, including 341 shares for accrued dividends, for the 2019 director fees that were deferred pursuant to the New Jersey Resources ("NJR") Directors' Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.

Total adjusted for .191 accrued dividends under the NJR Dividend and Reinvestment Plan.

Total adjusted upward by 70.330 shares to reflect the market-based change in the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, which is a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended.

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.

The phantom stock represents 50 percent performance share units, which vested at 97 percent of target (plus 110 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 out in a lump sum beginning in January 2029. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

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

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

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

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.

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

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

Total reflects a positive adjustment of 553.491 shares representing investment gains or losses and for dividends accrued under NJR's Officers' Deferred Compensation Plan.

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.

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.

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.

Represents 50 percent of performance share units, which vested at 97 percent of target (plus 110 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.

The phantom stock represents 50 percent of performance share units, which vested at 134 percent of target (plus 165 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 out in a lump sum beginning in January 2030. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

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.