RENNA MICHAEL J 4
4 · SOUTH JERSEY INDUSTRIES INC · Filed Mar 3, 2022
Insider Transaction Report
Form 4
RENNA MICHAEL J
Vice President
Transactions
- Exercise/Conversion
Common Stock
2022-03-01+26,666→ 165,251.04 total - Tax Payment
Common Stock
2022-03-01$33.93/sh−12,094$410,349→ 153,157.04 total
Holdings
- 21,851.357(indirect: By 401(k))
Common Stock
- 3,270(indirect: By Trust)
Common Stock
Footnotes (4)
- [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]Due to an administrative error, the Form 4 filed on January 4, 2022 which reported the vesting of RSU, overstated the taxes withheld by 310 shares. The direct ownership balance reflects the corrected balance.
- [F3]Represents shares withheld for taxes on the 2019 performance RSU that vested on March 1, 2022.
- [F4]Includes additional contributions to 401(k)