NJR approves fiscal 2026 executive incentive plan and long-term equity awards

NEW JERSEY RESOURCES CORP

LDCC approved FY2026 Officer Annual Incentive Plan: CEO target 110% of base salary; other NEOs 40-60%; payout range 0-150% of target.
Performance metrics: 50% net financial earnings (NFE), 30% individual leadership, 20% Commitment to Stakeholders goals.
LDCC granted performance share units (TSR and NFE-based) with 36-month period; vesting 0-150% based on relative TSR and cumulative NFE per share.
RSUs awarded to NEOs (excluding CEO) vest in three equal installments; CEO received performance-based RSUs (PBRSUs) with NFE goal.
Awards subject to clawback, non-competition, non-solicitation, and confidentiality conditions.

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