New Jersey Resources Corp SVP and COO of Non-Utility Business Amy Cradic filed a Form 4 on November 13, 2026, reporting three equity transactions dated November 10, 2026, covering a restricted stock unit grant, performance share unit vesting, and tax-related share withholding.

Key Highlights

  • RSU grant: Cradic received 5,127 restricted stock units under the NJR 2026 Stock Award and Incentive Plan, with a reported price of $54.71 per unit, vesting in three equal annual installments on October 15, 2027, October 15, 2028, and October 15, 2029.
  • PSU vesting: 4,970 performance share units (including 534 dividend equivalents) vested at 142 percent of target following a 36-month performance period beginning October 1, 2023, as certified by the Leadership Development and Compensation Committee.
  • Tax withholding: 2,112 shares were withheld at $54.71 per share to cover taxes due upon vesting of the performance share units.
  • Resulting ownership: Following all three transactions, Cradic directly beneficially owned 58,276.265 shares of NJR Common Stock.
  • Filing exchange and ticker: The issuer is identified as NYSE:NJR (New Jersey Resources Corp).

Details of Cradic's November 10, 2026 Equity Transactions

According to the filing, the first transaction was an acquisition (code "A") of 5,127 restricted stock units at $54.71, described as a grant under the New Jersey Resources Corporation 2026 Stock Award and Incentive Plan. The filing states that each RSU "represents a contingent right to receive one share of NJR Common Stock" and that the units vest in three equal annual installments on October 15, 2027, October 15, 2028, and October 15, 2029. Following this grant, Cradic's directly held beneficial ownership stood at 55,418.265 shares.

The second transaction involved the vesting of 4,970 performance share units, also coded as an acquisition at $54.71. The filing explains that these units vested "at 142 percent of target (plus 534 dividend equivalents), after a 36-month period beginning on October 1, 2023, upon certification by the Leadership Development and Compensation Committee of NJR performance versus the applicable performance goal." Each performance share unit and dividend equivalent converts into one share of NJR Common Stock upon vesting. After this transaction, Cradic's direct beneficial ownership increased to 60,388.265 shares.

The third transaction was a disposition (code "F") of 2,112 shares at $54.71 per share. The filing identifies these as "shares withheld to pay taxes due upon vesting of performance share units," bringing Cradic's final directly held beneficial ownership count to 58,276.265 shares. The form was signed by Melissa Abraham as attorney-in-fact for Amy Cradic and filed on November 13, 2026.

What Was Disclosed

The filing disclosed three equity transactions for Amy Cradic, SVP and COO Non-Utility Business at New Jersey Resources Corp (NYSE:NJR): a grant of 5,127 RSUs, the vesting of 4,970 performance share units at 142 percent of target, and the withholding of 2,112 shares for taxes, resulting in direct ownership of 58,276.265 shares.