Kathleen D. Larkin - May 11, 2021 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC (SJI)

Role
SVP & CHRO
Signature
/s /Lauren Hemple, Attorney-in-Fact
Stock symbol
SJI
Transactions as of
May 11, 2021
Transactions value $
-$21,148
Form type
4
Date filed
5/12/2021, 04:23 PM
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +1.31K $0.00 1.31K May 11, 2021 Direct F1, F2
transaction SJI Common Stock Tax liability -$10.6K -410 -31.37% $25.79 897 May 11, 2021 Direct F3
transaction SJI Common Stock Options Exercise $0 +1.31K +145.71% $0.00 2.2K May 11, 2021 Direct F2, F4
transaction SJI Common Stock Tax liability -$10.6K -410 -18.6% $25.79 1.79K May 11, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SJI Restricted Stock Units Award $0 -1.31K -13.1% $0.00 8.67K May 11, 2021 Common Stock 1.31K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents new hire Inducement Equity Grant issued pursuant to the South Jersey Industries, Inc. 20215 Omnibus Equity Compensation Plan. Subject to certain exceptions, 1,239 RSUs shall vest on May 11, 2021, 1,416 shall vest on January 3, 2022, and 1,594 shall vest on January 2, 2023, provided that the reporting person remains employed by the issuer.
F2 Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan).
F3 Represents shares withheld for taxes in connection with Restricted Stock Units ("RSUs") that vested on May 11, 2021.
F4 The shares were acquired pursuant to the vesting of performance restricted stock units (PRSU) that were granted on May 11, 2020 with a performance period beginning on May 11, 2020 and ending on December 31, 2020. Vesting of this PRSU was subject to meeting the annual individual performance goals and the grantee remaining employed on the vest date. The overall payout of the PRSU was 100%.