Michael J. Renna - Jan 3, 2023 Form 4 Insider Report for SOUTH JERSEY INDUSTRIES INC (SJI)

Role
President & CEO, Director
Signature
/s /Lauren Hemple, Attorney-in-Fact
Stock symbol
SJI
Transactions as of
Jan 3, 2023
Transactions value $
-$252,547
Form type
4
Date filed
1/5/2023, 08:36 PM
Previous filing
May 6, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJI Common Stock Options Exercise $0 +7.7K +4.73% $0.00 171K Jan 3, 2023 Direct F1, F2, F3
transaction SJI Common Stock Tax liability -$130K -3.65K -2.14% $35.53 167K Jan 3, 2023 Direct F4
transaction SJI Common Stock Options Exercise $0 +7.79K +4.66% $0.00 175K Jan 3, 2023 Direct F2, F5
transaction SJI Common Stock Tax liability -$123K -3.45K -1.98% $35.53 171K Jan 3, 2023 Direct F6
holding SJI Common Stock 23K Jan 3, 2023 401k F7
holding SJI Common Stock 3.27K Jan 3, 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 +1.14K +2.75% $0.00 42.5K Jan 3, 2023 Common Stock 7.72K $0.00 Direct F8
transaction SJI Restricted Stock Units Options Exercise $0 -7.7K -18.12% $0.00 34.8K Jan 3, 2023 Common Stock 7.7K $0.00 Direct F1, F2
transaction SJI Restricted Stock Units Options Exercise $0 -7.79K -22.37% $0.00 27K Jan 3, 2023 Common Stock 7.79K $0.00 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.