September 30, 2025 · Form 4 insider transaction
Westhoven Stephen D bought 13,539 shares of New Jersey Resources Corporation at $48.15 per share, a transaction worth $651.9K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents vesting of the second tranche of PBRSUs, previously granted on November 15, 2023, plus 1,004 accrued dividend equivalents. The third and final tranche will vest on September 30, 2026. The applicable performance goal has been satisfied by NJR and certified by the LDCC. Each PBRSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.