New Jersey Resources (NJR) SVP Reich sells 5,449 shares in planned trade

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

New Jersey Resources Corporation senior vice president and general counsel Richard Reich reported an open-market sale of 5,449 shares of common stock at a weighted average price of $52.99 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan entered into on December 12, 2025, indicating it was scheduled in advance.

After the sale, Reich directly holds 26,974.789 shares of New Jersey Resources common stock. He also indirectly holds 3,445.5072 shares through the New Jersey Resources Corporation Employees' Retirement Savings Plan, which reflect acquisitions through the current date, including amounts accrued via dividend reinvestment.

Insider Trade Summary 10b5-1

Net Seller: 5,449 shares ($288,743)

Net Sell 2 txns

Insider Reich Richard

Role SVP and Gen Counsel

Sold 5,449 shs ($289K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,449	$52.99	$289K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,974.789 shares (Direct); Common Stock — 3,445.507 shares (Indirect, By NJR Employees' Retirement Savings Plan)

Footnotes (1)

The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025. The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $52.95 and $53.03. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price. Total adjusted for 241.952 shares accrued through dividend reinvestment under the New Jersey Resources Corporation Dividend and Reinvestment Plan and one additional share attributable to a prior rounding adjustment. Represents shares acquired through New Jersey Resources Corporation 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.

Form 4 Insider Transactions: What Each Field Means →

03/20/2026 - 09:24 AM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Reich Richard

(Last)

(First)

(Middle)

C/O NEW JERSEY RESOURCES CORPORATION

1415 WYCKOFF ROAD

(Street)

WALL

NEW JERSEY

07719

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEW JERSEY RESOURCES CORP [ NJR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP and Gen Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/19/2026		S⁽¹⁾		5,449	D	$52.99⁽²⁾	26,974.789⁽³⁾	D
Common Stock								3,445.5072	I	By NJR Employees' Retirement Savings Plan⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.

2. The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $52.95 and $53.03. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.

3. Total adjusted for 241.952 shares accrued through dividend reinvestment under the New Jersey Resources Corporation Dividend and Reinvestment Plan and one additional share attributable to a prior rounding adjustment.

4. Represents shares acquired through New Jersey Resources Corporation 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.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Richard Reich	03/20/2026
	** Signature of Reporting Person	Date
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NEW JERSEY RESOURCES CORP (NJR) report for Richard Reich?

Richard Reich reported an open-market sale of 5,449 shares of New Jersey Resources common stock at a weighted average price of $52.99 per share. The transaction reflects a net reduction in his directly held shares but leaves a substantial remaining position.

Was the NJR insider stock sale by Richard Reich part of a Rule 10b5-1 trading plan?

Yes, the reported sale was executed under a Rule 10b5-1 trading plan entered on December 12, 2025. Such plans pre-schedule trades, indicating the timing of this sale was set in advance rather than decided spontaneously.

How many NJR shares does Richard Reich hold after the reported Form 4 sale?

Following the sale, Richard Reich directly holds 26,974.789 shares of New Jersey Resources common stock. He also indirectly holds 3,445.5072 shares through the company’s Employees' Retirement Savings Plan, giving him a combined visible stake from this filing.

What price range were the NJR shares sold for in Richard Reich’s Form 4 transaction?

The weighted average sale price was $52.99 per share, with individual transactions executed between $52.95 and $53.03. The filing notes the shares were sold in multiple trades across this narrow price range.

How were Richard Reich’s indirect NJR holdings acquired according to the Form 4 footnotes?

The indirect holdings represent shares acquired through the New Jersey Resources Corporation Employees' Retirement Savings Plan, a qualified Section 401(k) plan. These shares include acquisitions and dividend reinvestment accruals through the current reporting date, as detailed in the footnotes.