Hardwick M Susan 4

What Happened

• Susan M. Hardwick, a director of New Jersey Resources Corp. (NJR), completed multiple equity transactions on January 21, 2026. She exercised/convered derivatives to acquire 2,938 common shares at $47.97 per share (total cost $140,936). On the same date she was granted 3,022.723 RSUs (restricted stock units) and 2,824.859 derivative shares were reported as converted and disposed.
• The RSU grant is an annual non-employee director retainer (each RSU is a contingent right to one share plus dividend equivalents). A separate set of RSUs granted on January 21, 2025 vested 100% and were converted one-for-one into shares (as reflected in the filing).

Key Details

• Transaction date: January 21, 2026; filing date: January 23, 2026 (timely filing).
• Exercised/conversion (acquired): 2,938 shares at $47.97 each — total $140,936.
• Grant/award (acquired): 3,022.723 RSUs at $0.00 (RSU award / contingent shares).
• Conversion/disposition: 2,824.859 shares reported as converted and disposed (filing does not specify reason for disposition).
• Footnotes: RSUs include 112.968 dividend equivalents plus a fractional share rounding (F1); RSU award is annual director retainer and vests per plan terms (F2–F5).
• Shares owned after these transactions: not specified in the excerpt of the filing.

Context

• The exercised/options transaction (code M) resulted in an acquisition of shares by paying the exercise price ($47.97). The RSU entries (code A) are awards that convert into shares according to the vesting schedule; one previously granted RSU award (Jan 21, 2025) vested and converted into shares.
• The filing shows converted shares were disposed but does not state whether that was to cover taxes, a sale, or another reason — the form does not provide a disposition explanation here.