New Jersey Resources Corp SVP and CFO Roberto Bel filed a Form 4 on November 13, 2026, disclosing two equity transactions dated November 10, 2026, covering a restricted stock unit grant and a vested performance share unit award under company plans.

Key Highlights

  • RSU grant: Roberto Bel received 4,997 restricted stock units on November 10, 2026, at a price of $54.71, under the NJR 2026 Stock Award and Incentive Plan.
  • Vesting schedule: The RSUs vest in three equal annual installments on October 15, 2027, October 15, 2028, and October 15, 2029.
  • Post-transaction common stock ownership: Following the RSU grant, Bel directly beneficially owned 22,341 shares of common stock.
  • Performance share units vested: 4,444 phantom stock units, representing performance share units, vested at 142 percent of target, plus 479 dividend equivalents, after a 36-month period beginning October 1, 2023.
  • Deferred payout: The vested phantom stock has been deferred under NJR's Officers' Deferred Compensation Plan and is to be paid in five annual installments beginning in January 2032.
  • Total phantom stock position: Following the transaction, Bel held 15,520.82 phantom stock units, including a positive adjustment of 108.839 shares representing accrued dividends.

RSU Award and Performance Share Vesting for New Jersey Resources CFO

According to the filing, Roberto Bel, identified as SVP and CFO of New Jersey Resources Corp (NYSE:NJR), received a grant of 4,997 restricted stock units on November 10, 2026, at a per-share price of $54.71. The filing states that these RSUs were issued under the NJR 2026 Stock Award and Incentive Plan and that "each RSU represents a contingent right to receive one share of NJR Common Stock." The units vest in three equal annual installments on October 15, 2027, October 15, 2028, and October 15, 2029. Following this transaction, Bel's direct beneficial ownership of common stock stood at 22,341 shares, the filing disclosed.

Separately, the filing reports that 4,444 phantom stock units, representing performance share units, were acquired on the same date at $54.71. The filing states these "vested at 142 percent of target (plus 479 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 unit is described as "the economic equivalent of one share of NJR Common Stock."

The filing further discloses that the vested phantom stock has been deferred under NJR's Officers' Deferred Compensation Plan and is scheduled to be paid out in five annual installments beginning in January 2032. After accounting for a positive adjustment of 108.839 shares representing dividends accrued under the same plan, Bel's total phantom stock position following the reported transactions was 15,520.82 units, as reported in the filing. The Form 4 was signed by Melissa Abraham as attorney-in-fact for Roberto Bel and dated November 13, 2026.

What Was Disclosed

The filing reports two equity events for NJR's SVP and CFO: a grant of 4,997 RSUs vesting through 2029, and the acquisition of 4,444 phantom stock units from performance share units vesting at 142 percent of target, deferred for payout beginning January 2032.