KENNY JANE M 4

What Happened
Jane M. Kenny, a director of New Jersey Resources Corporation (NJR), received a grant of 3,022.723 restricted stock units (RSUs) on 2026-01-21. The Form 4 reports the award as a derivative acquisition at $0.00 per unit (code A). The RSUs are a compensatory award (no cash purchase) representing a contingent right to one share of NJR common stock per RSU plus dividend equivalents; no immediate shares or cash changed hands.

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-23 (timely).
• Award: 3,022.723 RSUs; reported price $0.00 (grant/derivative).
• Vesting: RSUs vest in full on the earlier of (i) the first anniversary of the grant or (ii) the next NJR Annual Meeting of Shareowners (per footnote).
• Footnote: RSUs represent the annual non-employee director retainer and include dividend equivalents.
• Shares owned after the transaction: not specified on the provided summary.

Context
RSU grants to non-employee directors are routine compensation and do not represent an open-market purchase or sale. These RSUs convert into shares (and dividend equivalents) only upon vesting, so they do not indicate an immediate change in market exposure by the director.