# EDGAR Filing Document

**Accession Number:** 0000356309
**File Stem:** 0000356309-25-000083
**Filing Date:** 2025-11
**Character Count:** 9177
**Document Hash:** 4e4eacf581d88fb38afb38aa2ede1f68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000356309-25-000083.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0000356309-25-000083

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251104

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Reich Richard
- **CENTRAL INDEX KEY:** 0001883581

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08359
- **FILM NUMBER:** 251457958

**MAIL ADDRESS:**
- **STREET 1:** C/O NEW JERSEY RESOURCES CORPORATION
- **STREET 2:** 1415 WYCKOFF ROAD
- **CITY:** WALL
- **STATE:** NJ
- **ZIP:** 07719
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW JERSEY RESOURCES CORP
- **CENTRAL INDEX KEY:** 0000356309
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATURAL GAS DISTRIBUTION [4924]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 222376465
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0930

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 WYCKOFF RD
- **STREET 2:** PO BOX 1468
- **CITY:** WALL
- **STATE:** NJ
- **ZIP:** 07719
- **BUSINESS PHONE:** 7329381000

**MAIL ADDRESS:**
- **STREET 1:** 1415 WYCKOFF ROAD
- **STREET 2:** P O BOX 1468
- **CITY:** WALL
- **STATE:** NJ
- **ZIP:** 07719

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Reich Richard<br><sub>(Last) (First) (Middle)</sub><br>C/O NEW JERSEY RESOURCES CORPORATION<br>1415 WYCKOFF ROAD<br><sub>(Street)</sub><br>WALL, NJ 07719<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_SVP and Gen Counsel_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>NEW JERSEY RESOURCES CORP [ NJR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-11-04 |  | A |  | 4449<sup>(1)</sup> | A | $44.85 | 30855.836 | D |  |
| Common Stock | 2025-11-04 |  | A |  | 1559<sup>(2)</sup> | A | $44.85 | 32414.836 | D |  |
| Common Stock | 2025-11-04 |  | F |  | 768<sup>(3)</sup> | D | $44.85 | 31646.836 | D |  |
| Common Stock | 2025-11-04 |  | A |  | 1052<sup>(4)</sup> | A | $44.85 | 32698.836 | D |  |
| Common Stock | 2025-11-04 |  | F |  | 518<sup>(3)</sup> | D | $44.85 | 32180.836 | D |  |
| Common Stock |  |  |  |  |  |  |  | 3313.394 | I | By NJR Employees' Retirement Savings Plan<sup>(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Phantom Stock | <sup>(6)</sup> | 2025-11-04 |  | A |  | 1560 |  | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 1560 | $44.85 | 1560 | D |  |
| Phantom Stock | <sup>(6)</sup> | 2025-11-04 |  | F |  |  | 37<sup>(3)</sup> | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 37 | $44.85 | 1523 | D |  |
| Phantom Stock | <sup>(7)</sup> | 2025-11-04 |  | A |  | 1052 |  | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 1052 | $44.85 | 2575 | D |  |
| Phantom Stock | <sup>(7)</sup> | 2025-11-04 |  | F |  |  | 25<sup>(3)</sup> | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 25 | $44.85 | 2550 | D |  |

---

### Footnotes:

(1) Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2026, October 15, 2027 and October 15, 2028. Each RSU represents a contingent right to receive one share of NJR Common Stock.

(2) Represents 50 percent of performance share units, which vested at 134 percent of target (plus 165 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.

(3) Represents shares withheld to pay taxes due upon vesting of performance share units.

(4) Represents 50 percent of performance share units, which vested at 97 percent of target (plus 110 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.

(5) Represents shares acquired through the NJR Employees' Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through the current date.

(6) The phantom stock represents 50 percent of performance share units, which vested at 134 percent of target (plus 165 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the appliable performance goal. These shares have been deferred pursuant to NJR's Officers' Deferred Compensation Plan and are to be paid out in a lump sum beginning in January 2030. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

(7) The phantom stock represents 50 percent performance share units, which vested at 97 percent of target (plus  110 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the appliable performance goal. These shares have been deferred pursuant to NJR's Officers' Deferred Compensation Plan and are to be paid out in a lump sum beginning in January 2029. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.

**Signature:** /s/ Tejal K. Mehta, as attorney-in-fact for Richard Reich  
**Date:** 2025-11-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**