Melissa Orsen - Mar 1, 2022 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC (SJI)

Signature
/s /Lauren Hemple, Attorney-in-Fact
Stock symbol
SJI
Transactions as of
Mar 1, 2022
Transactions value $
-$61,651
Form type
4
Date filed
3/3/2022, 08:50 PM
Previous filing
Jan 4, 2022
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +4.67K +48.33% $0.00 14.3K Mar 1, 2022 Direct F1
transaction SJI Common Stock Tax liability -$61.7K -1.82K -12.67% $33.93 12.5K Mar 1, 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.