Michael J. Renna - 01 Jan 2022 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC

Role: President & CEO, Director
Signature: /s /Lauren Hemple, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Jan 2022
Net transactions value: -$178,818
Form type: 4
Filing time: 04 Jan 2022, 20:41:09 UTC
Previous filing: 16 Jun 2021
Next filing: 03 Mar 2022
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	+6,245	+4.8%	$0.000000	137,607	01 Jan 2022	Direct	F1, F2
transaction	SJI	Common Stock	Tax liability	$82,017	-3,140	-2.3%	$26.12	134,467	01 Jan 2022	Direct	F3
transaction	SJI	Common Stock	Options Exercise	$0	+7,514	+5.6%	$0.000000	141,981	03 Jan 2022	Direct	F2, F4
transaction	SJI	Common Stock	Tax liability	$96,801	-3,706	-2.6%	$26.12	138,275	03 Jan 2022	Direct	F5
holding	SJI	Common Stock						21,474	01 Jan 2022	401k	F6
holding	SJI	Common Stock						3,270	01 Jan 2022	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	-6,245	-15%	$0.000000	35,816	01 Jan 2022	Common Stock	6,245	$0.000000	Direct	F1, F2
transaction	SJI	Restricted Stock Units	Award	$0	+1,664	+4.6%	$0.000000	37,480	01 Jan 2022	Common Stock	1,664	$0.000000	Direct	F7
transaction	SJI	Restricted Stock Units	Options Exercise	$0	-7,515	-20%	$0.000000	29,965	03 Jan 2022	Common Stock	7,515	$0.000000	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 2019 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 April 22, 2020, one-third of the RSU vested January 1, 2021 and one-third of the RSU vested on January 1, 2022, 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 that vested on January 1, 2022.
F4	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 vested on 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.
F5	Represents shares withheld for taxes in connection with Restricted Stock Units that vested on January 3, 2022.
F6	The Form 4 previously filed on June 16, 2021, included a 401(k) balance that was overstated by 3,652.378 shares due to an administrative error. The 401(k) balance in this Form 4 filing reflects the corrected 401(k) balance, additional contributions and accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan).
F7	Represents DES accrued on outstanding Restricted Stock Units.