Michael J. Renna - 03 Jan 2023 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC

Role
President & CEO, Director
Signature
/s /Lauren Hemple, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Jan 2023
Net transactions value
-$252,547
Form type
4
Filing time
05 Jan 2023, 20:36:57 UTC
Previous filing
06 May 2022
Next filing
01 Feb 2023
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 +7,704 +4.7% $0.000000 170,692 03 Jan 2023 Direct F1, F2, F3
transaction SJI Common Stock Tax liability $129,827 -3,654 -2.1% $35.53 167,038 03 Jan 2023 Direct F4
transaction SJI Common Stock Options Exercise $0 +7,786 +4.7% $0.000000 174,824 03 Jan 2023 Direct F2, F5
transaction SJI Common Stock Tax liability $122,721 -3,454 -2% $35.53 171,370 03 Jan 2023 Direct F6
holding SJI Common Stock 22,974 03 Jan 2023 401k F7
holding SJI Common Stock 3,270 03 Jan 2023 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 Other $0 +1,138 +2.8% $0.000000 42,513 03 Jan 2023 Common Stock 7,719 $0.000000 Direct F8
transaction SJI Restricted Stock Units Options Exercise $0 -7,705 -18% $0.000000 34,808 03 Jan 2023 Common Stock 7,705 $0.000000 Direct F1, F2
transaction SJI Restricted Stock Units Options Exercise $0 -7,787 -22% $0.000000 27,022 03 Jan 2023 Common Stock 7,787 $0.000000 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 vested on January 3, 2023, 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 Includes shares acquired through dividend reinvestment plan.
F4 Represents shares withheld for taxes on the third tranche of the 2020 time-based RSU that vested on January 3, 2023.
F5 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 vested on January 3, 2023 and one-third of the RSU shall vest on January 2, 2024, provided that the reporting person remains employed by the issuer.
F6 Represents shares withheld for taxes on the second tranche of the 2021 time-based RSU that vested on January 3, 2023.
F7 Includes additional contributions to 401(k) and accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan).
F8 Represents DES accrued on outstanding Restricted Stock Units.