---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-040794"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:04:27.770385+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-040794
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036125040794/0001140361-25-040794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036125040794/ef20058025_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-040794
- JSON: https://secwatch.observer/filing/0001140361-25-040794.json
- Plain text: https://secwatch.observer/filing/0001140361-25-040794.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.