Harvey Peter C 4

What Happened Peter C. Harvey, a director of New Jersey Resources Corporation (NJR), received an award of 3,022.723 restricted stock units (RSUs) on January 21, 2026. The Form 4 reports this as a grant/award (transaction code A) with an acquisition price of $0.00 — RSUs are a derivative award that convert into shares later rather than an open‑market purchase or sale. The award includes dividend equivalents and will convert to common stock upon vesting.

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-23 (appears timely under the standard two‑business‑day rule).
• Grant amount: 3,022.723 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote F1: Each RSU represents a contingent right to one share of NJR common stock plus dividend equivalents as part of the Non‑Employee Director Compensation Plan.
• Footnote F2: Vesting: the RSUs vest in full on the earlier of (i) one year from the grant date or (ii) the date of the next NJR Annual Meeting of Shareowners.

Context This is a routine director compensation award, not a purchase or sale, and does not by itself indicate the director's market view. RSUs convert to actual shares only upon vesting (per the schedule above) and typically include dividend equivalent payments until conversion.