Form 4: NJR CFO Sells Shares Under Pre-Arranged 10b5-1 Plan

New Jersey Resources' SVP and CFO, Roberto Bel, sold 6,105 shares of common stock on March 16, 2026, through a pre-arranged 10b5-1 trading plan.

Summary

• Roberto Bel, Senior Vice President and Chief Financial Officer of New Jersey Resources Corp (NJR), reported the sale of common stock.
• A total of 6,105 shares were sold in three separate transactions on March 16, 2026.
• The sales were executed pursuant to a Rule 10b5-1 trading plan, which was established on December 12, 2025.
• The shares were sold at weighted average prices of $55.0993, $55.101, and $55.0953.
• Following these transactions, Roberto Bel's direct beneficial ownership of common stock decreased from 23,850 shares to 19,780 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it is an insider sale, the execution under a pre-arranged 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects, as these plans are typically for personal financial planning.

Negatives

• The SVP and CFO sold a total of 6,105 shares of company common stock, which represents a reduction in insider ownership.

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 trading plan are pre-scheduled transactions designed to allow insiders to sell shares without being accused of trading on material non-public information. Such sales are common for executives managing personal finances and are generally viewed as less indicative of management's outlook on the company's future performance compared to unscheduled open-market sales.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, which is generally not a significant concern given the pre-planned nature of the transaction.

Key Dates

Recommendation

A 'hold' recommendation is appropriate because this Form 4 reports a routine insider sale executed under a Rule 10b5-1 plan. Such transactions are typically for personal financial management and do not usually signal a change in the company's fundamental outlook or warrant a strong buy or sell decision based solely on this filing. Investors should consider broader company performance and market conditions.

Keywords

NJR, New Jersey Resources, Insider Sale, Form 4, Roberto Bel, CFO, 10b5-1 Plan, Common Stock