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

Role: SVP & CHRO
Signature: /s /Lauren Hemple, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 11 May 2021
Net transactions value: -$21,148
Form type: 4
Filing time: 12 May 2021, 16:23:45 UTC
Next filing: 16 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJI	Common Stock	Options Exercise	$0	+1,307		$0.000000	1,307	11 May 2021	Direct	F1, F2
transaction	SJI	Common Stock	Tax liability	$10,574	-410	-31%	$25.79	897	11 May 2021	Direct	F3
transaction	SJI	Common Stock	Options Exercise	$0	+1,307	+146%	$0.000000	2,204	11 May 2021	Direct	F2, F4
transaction	SJI	Common Stock	Tax liability	$10,574	-410	-19%	$25.79	1,794	11 May 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	-1,307	-13%	$0.000000	8,669	11 May 2021	Common Stock	1,307	$0.000000	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%.