Transaction Details

Footnotes

Represents the third and final distribution of phantom stock units, including 341 shares for accrued dividends, for the 2019 director fees that were deferred pursuant to the New Jersey Resources ("NJR") Directors' Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock. | Total adjusted for .191 accrued dividends under the NJR Dividend and Reinvestment Plan. | Each phantom stock unit is the economic equivalent of one share of NJR Common Stock. | The phantom stock units represent the 2019 director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in three installments beginning in January 2024.