Cocchi Steven R 4
4 · SOUTH JERSEY INDUSTRIES INC · Filed Mar 3, 2022
Insider Transaction Report
Form 4
Cocchi Steven R
SVP, Strategy & Growth
Transactions
- Tax Payment
Common Stock
2022-03-01$33.93/sh−1,939$65,790→ 18,166.184 total - Exercise/Conversion
Common Stock
2022-03-01+4,108→ 20,105.184 total
Footnotes (2)
- [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.