OConnor Thomas C 4

What Happened Thomas C. O'Connor, a director of New Jersey Resources Corporation (NJR), was granted 4,106.448 Restricted Stock Units (RSUs) on January 21, 2026. The Form 4 records the grant as a derivative award at $0.00 per unit (transaction code A). Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents once the award vests.

Key Details

• Transaction date: 2026-01-21; Form filed: 2026-01-23 (appears timely).
• Grant type and code: RSU award (derivative), transaction code A.
• Shares/units granted: 4,106.448 RSUs; Form lists $0.00 per unit (no cash paid on grant).
• Vesting: Award vests in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next NJR Annual Meeting of Shareowners (per footnotes).
• Shares owned after transaction: Not reported in the provided excerpt.
• No indication in the filing of a 10b5-1 plan, tax-withholding sale, or immediate sale of underlying shares.

Context

• RSUs are deferred/contingent equity awards, not open-market purchases or sales; they represent future delivery of shares if vesting conditions are met and therefore are not an immediate purchase signal.
• Dividend equivalents are included with each RSU per the filing, meaning the holder is entitled to amounts equivalent to dividends prior to settlement.
• For retail investors, such director RSU grants are common as compensation and do not by themselves indicate the director is buying or selling stock.