Leonard Brinson Jr. - 01 Mar 2022 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC

Role: SVP, Chief Information Officer
Signature: /s /Lauren Hemple, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Mar 2022
Net transactions value: -$3,261
Form type: 4
Filing time: 06 May 2022, 17:34:24 UTC
Previous filing: 04 Jan 2022
Next filing: 11 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	+952	+13%	$0.000000	8,233	01 Mar 2022	Direct	F1, F2
transaction	SJI	Common Stock	Tax liability	$2,443	-72	-0.87%	$33.93	8,161	01 Mar 2022	Direct	F3
transaction	SJI	Common Stock	Options Exercise	$0	+1,046	+13%	$0.000000	9,274	04 May 2022	Direct	F2, F4
transaction	SJI	Common Stock	Tax liability	$818	-24	-0.26%	$34.10	9,250	04 May 2022	Direct	F5

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	+48	+0.9%	$0.000000	5,421	04 May 2022	Common Stock	48	$0.000000	Direct	F6
transaction	SJI	Restricted Stock Units	Options Exercise	$0	-1,047	-19%	$0.000000	4,374	04 May 2022	Common Stock	1,047	$0.000000	Direct	F4

* 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	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 2019 performance RSU that vested on March 1, 2022.
F4	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.
F5	Represents shares withheld for taxes on the first tranche of the 2021 time-based RSU that vested on May 4, 2022.
F6	Represents DES accrued on outstanding Restricted Stock Units.