Mansue Amy B. 4

What Happened

• Amy B. Mansue, a director of New Jersey Resources Corp (NJR), exercised stock derivatives and received an RSU award on January 21, 2026. She exercised or converted derivatives to acquire 512 shares at $47.97 per share (total cost $24,561). On the same date she was granted 3,022.723 restricted stock units (RSUs) as part of her non-employee director compensation.
• The filing also reports 511.254 derivative units disclosed as disposed at $0.00; per the footnotes this reflects 100% vesting and one-for-one conversion of previously granted RSUs into common shares (no cash proceeds).

Key Details

• Transaction dates: January 21, 2026; Form 4 filed January 23, 2026 (appears timely).
• Exercise: 512 shares exercised @ $47.97 = $24,561 (code M).
• Grant: 3,022.723 RSUs awarded (code A); RSUs have contingent rights to one share each plus dividend equivalents and vest per plan.
• Conversion/Disposition: 511.254 RSUs converted/treated as disposed @ $0.00 (code M) — footnote indicates these were RSUs that vested and converted one-for-one into shares.
• Footnotes: total RSU count/settlement includes 5.282 dividend equivalents and a fractional share rounding; annual RSU retainer per Non‑Employee Director Compensation Plan; vesting is generally the earlier of one year or next annual meeting.
• Shares owned after the transactions: not specified in the excerpt provided.

Context

• The cash outlay ($24.6K) was for an option/derivative exercise (buying shares), a straightforward acquisition rather than a sale — often viewed as neutral-to-bullish since the insider took shares.
• The RSU grant is a routine director compensation award and the converted RSUs reflect vesting and conversion into shares rather than a market sale; these awards do not, by themselves, indicate a change in market sentiment.