Michael J. Renna - Jan 1, 2022 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
Jan 1, 2022
Transactions value $
-$178,818
Form type
4
Date filed
1/4/2022, 08:41 PM
Previous filing
Jun 16, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +6.25K +4.75% $0.00 138K Jan 1, 2022 Direct F1, F2
transaction SJI Common Stock Tax liability -$82K -3.14K -2.28% $26.12 134K Jan 1, 2022 Direct F3
transaction SJI Common Stock Options Exercise $0 +7.51K +5.59% $0.00 142K Jan 3, 2022 Direct F2, F4
transaction SJI Common Stock Tax liability -$96.8K -3.71K -2.61% $26.12 138K Jan 3, 2022 Direct F5
holding SJI Common Stock 21.5K Jan 1, 2022 401k F6
holding SJI Common Stock 3.27K Jan 1, 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 -6.25K -14.85% $0.00 35.8K Jan 1, 2022 Common Stock 6.25K $0.00 Direct F1, F2
transaction SJI Restricted Stock Units Award $0 +1.66K +4.65% $0.00 37.5K Jan 1, 2022 Common Stock 1.66K $0.00 Direct F7
transaction SJI Restricted Stock Units Options Exercise $0 -7.51K -20.05% $0.00 30K Jan 3, 2022 Common Stock 7.51K $0.00 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.