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

Role
Senior Vice President
Signature
/s /Lauren Hemple, Attorney-in-Fact
Stock symbol
SJI
Transactions as of
May 4, 2022
Transactions value $
-$16,811
Form type
4
Date filed
5/6/2022, 05:31 PM
Previous filing
Mar 11, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +1.28K +10.16% $0.00 13.9K May 4, 2022 Direct F1, F2
transaction SJI Common Stock Tax liability -$16.8K -493 -3.54% $34.10 13.4K May 4, 2022 Direct F3

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 Other $0 +77.1 +0.9% $0.00 8.66K May 4, 2022 Common Stock 77.1 $0.00 Direct F4
transaction SJI Restricted Stock Units Options Exercise $0 -1.28K -14.82% $0.00 7.38K May 4, 2022 Common Stock 1.28K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2021 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 May 4, 2022, one-third of the RSU shall vest on January 2, 2023 and one-third of the RSU shall vest on January 2, 2024, 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 on the first tranche of the 2021 time-based RSU that vested on May 4, 2022.
F4 Represents DES accrued on outstanding Restricted Stock Units.