New Jersey Resources (NYSE: NJR) CFO sells 6,105 shares in 10b5-1 plan

Rhea-AI Filing Summary

New Jersey Resources senior vice president and CFO Roberto Bel reported selling a total of 6,105 shares of Common Stock in open‑market transactions on March 16, 2026. The weighted average sale prices were around $55.10 per share across three separate trades.

The filing states these sales were made under a pre‑arranged Rule 10b5‑1 trading plan entered into on December 12, 2025, indicating the transactions were scheduled in advance. After the transactions, Bel directly holds 19,780 shares, maintaining a meaningful ongoing equity stake in the company.

Insider Trade Summary 10b5-1

Net Seller: 6,105 shares ($336,377)

Net Sell 3 txns

Insider Bel Roberto

Role SVP and CFO

Sold 6,105 shs ($336K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,035	$55.0993	$112K
Sale	Common Stock	2,035	$55.101	$112K
Sale	Common Stock	2,035	$55.0953	$112K

Holdings After Transaction: Common Stock — 23,850 shares (Direct)

Footnotes (1)

1. The sales reported on this Form 4 were 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 $54.9675 and $55.43. 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. The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.97 and $55.43. 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.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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

X

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^*

Bel Roberto

(Last) (First) (Middle)

C/O NEW JERSEY RESOURCES CORPORATION

1415 WYCKOFF ROAD

(Street)

WALL NJ 07719

(City) (State) (Zip)

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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		S(1)		2,035	D	$55.0993(2)	23,850	D
Common Stock	03/16/2026		S(1)		2,035	D	$55.101(3)	21,815	D
Common Stock	03/16/2026		S(1)		2,035	D	$55.0953(3)	19,780	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were 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 $54.9675 and $55.43. 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. The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.97 and $55.43. 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.

Remarks:

	/s/Tejal K. Mehta, as attorney-in-fact for Roberto Bel	03/17/2026
	** 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.

FAQ

What insider transaction did NJR CFO Roberto Bel report?

NJR CFO Roberto Bel reported selling 6,105 shares of common stock in three open‑market transactions on March 16, 2026. The weighted average prices were about $55.10 per share, according to the Form 4 insider filing.

Were the NJR CFO share sales made under a Rule 10b5-1 plan?

Yes. The Form 4 states Roberto Bel’s New Jersey Resources share sales were executed under a Rule 10b5‑1 trading plan entered on December 12, 2025, meaning the trades were pre‑scheduled rather than timed discretionarily.

How many New Jersey Resources (NJR) shares does the CFO still hold?

After the reported sales, NJR CFO Roberto Bel directly holds 19,780 shares of New Jersey Resources common stock. This remaining position shows he continues to have a significant personal equity interest in the company.

What prices did the NJR CFO receive for the sold shares?

The reported weighted average sale prices were approximately $55.0993, $55.1010, and $55.0953 per share. Footnotes note the shares were sold in multiple trades within ranges around $54.97 to $55.43 per share.

How many separate transactions were included in this NJR Form 4 filing?

The Form 4 for New Jersey Resources shows three separate open‑market sale transactions. Each transaction involved 2,035 shares of common stock, totaling 6,105 shares sold on March 16, 2026, by CFO Roberto Bel.