Steven R. Cocchi - 01 Mar 2022 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC

Signature
/s /Lauren Hemple, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$65,790
Form type
4
Filing time
03 Mar 2022, 20:49:06 UTC
Previous filing
16 Jun 2021
Next filing
11 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +4,108 +26% $0.000000 20,105 01 Mar 2022 Direct F1
transaction SJI Common Stock Tax liability $65,790 -1,939 -9.6% $33.93 18,166 01 Mar 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were acquired pursuant to the vesting of performance restricted stock units (PRSU) that were granted on April 22, 2019 with a performance period beginning on January 1, 2019 and ending on December 31, 2021. Vesting of 50% of the PRSU granted was contingent upon achieving an Earnings Per Share Compound Annual Growth Rate (EPS CAGR) performance hurdle and vesting of 50% of the PRSU granted was contingent upon achieving a relative total shareholder return (rTSR) performance hurdle. The EPS CAGR performance hurdle was achieved reaching threshold at 5.5% with a payout of 50%. The rTSR performance hurdle was achieved above threshold at 41.6% with a payout of 72%.
F2 Represents shares withheld for taxes on the 2019 performance RSU that vested on March 1, 2022.