Michael J. Renna - Jun 15, 2021 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC (SJI)

Role
President & CEO, Director
Signature
/s /Lauren Hemple, Attorney-in-Fact
Stock symbol
SJI
Transactions as of
Jun 15, 2021
Transactions value $
-$82,407
Form type
4
Date filed
6/16/2021, 05:21 PM
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +7.16K +5.85% $0.00 130K Jun 15, 2021 Direct F1, F2
transaction SJI Common Stock Tax liability -$82.4K -3.03K -2.34% $27.17 127K Jun 15, 2021 Direct F3
holding SJI Common Stock 24.3K Jun 15, 2021 401k F4
holding SJI Common Stock 3.27K Jun 15, 2021 Family Trust

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 Options Exercise $0 -7.16K -14.55% $0.00 42.1K Jun 15, 2021 Common Stock 7.16K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2020 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, approximately one-third of the RSU vested on June 15, 2021, one-third of the RSU shall vest January 3, 2022 and one-third of the RSU 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 June 15, 2021.
F4 Includes additional contributions to 401(k) and accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan).