Bel Roberto 4

What Happened
Bel Roberto, Senior Vice President and Chief Financial Officer of New Jersey Resources Corp (NJR), reported three open-market sales totaling 6,105 shares on 2026-03-16. Each sale was reported as 2,035 shares at a weighted average price of $55.10; the aggregate proceeds reported across the three sales are approximately $336,377. These were disposals (sales), which are commonly routine rather than a directional purchase signal.

Key Details

• Transaction date: 2026-03-16 (period of report). Form 4 filed: 2026-03-17 (timely).
• Reported transactions: three sales of 2,035 shares each; reported weighted average price $55.10.
• Aggregate proceeds reported: about $336,377 (individual proceeds reported as $112,127; $112,131; $112,119).
• Price range: shares were sold in multiple trades at prices ranging roughly $54.9675 to $55.43 (per footnotes). The filing reports weighted-average prices; the insider will provide per-price sale counts on request.
• Notable footnote: Sales were made pursuant to a Rule 10b5-1 trading plan entered December 12, 2025.
• Shares owned after transaction: not disclosed in this filing.
• Transaction code: S = Sale.

Context
A 10b5-1 plan indicates these sales were prearranged trading instructions established before the trades, which can reduce the appearance of trading on nonpublic information. Sales under such plans are common for executives managing diversification or liquidity needs; they do not necessarily signal a change in view about the company. For retail investors, purchases by insiders are often more informative than routine sales.