Reich Richard 4

What Happened
Richard Reich, SVP and General Counsel of New Jersey Resources Corporation (NJR), sold 5,449 shares on March 19, 2026. The weighted average price was $52.99, producing total proceeds of approximately $288,743. This was a sale (S), not a purchase—sales by insiders are often routine and do not necessarily signal a change in outlook.

Key Details

• Transaction date: 2026-03-19 (reported on Form 4 filed 2026-03-20) — timely filing.
• Shares sold: 5,449; weighted average price: $52.99; price range: $52.95–$53.03.
• Total proceeds: ~$288,743.
• Executed pursuant to a Rule 10b5-1 trading plan entered on December 12, 2025 (footnote F1).
• Sale occurred in multiple transactions; filer can provide per-price breakdown on request (F2).
• Footnotes note adjustments for 241.952 shares via dividend reinvestment and one rounding share, and additional shares acquired through the company 401(k) plan (F3, F4).
• Shares owned after the transaction are not specified in the provided excerpt.

Context
This was an open-market sale under a pre-established 10b5-1 plan, a common mechanism that allows insiders to sell shares according to a preset schedule. Such planned sales are generally considered routine and do not by themselves indicate insider sentiment about the company’s future performance.