4//SEC Filing
Brinson Leonard Jr 4
Accession 0001562180-22-003896
CIK 0000091928other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 5:34 PM ET
Size
18.7 KB
Accession
0001562180-22-003896
Insider Transaction Report
Form 4
Brinson Leonard Jr
SVP, Chief Information Officer
Transactions
- Tax Payment
Common Stock
2022-03-01$33.93/sh−72$2,443→ 8,161.243 total - Tax Payment
Common Stock
2022-05-04$34.10/sh−24$818→ 9,249.586 total - Other
Restricted Stock Units
2022-05-04+48.268→ 5,421.341 totalExercise: $0.00→ Common Stock (48.268 underlying) - Exercise/Conversion
Restricted Stock Units
2022-05-04−1,046.875→ 4,374.466 totalExercise: $0.00→ Common Stock (1,046.875 underlying) - Exercise/Conversion
Common Stock
2022-03-01+952→ 8,233.243 total - Exercise/Conversion
Common Stock
2022-05-04+1,046→ 9,273.586 total
Footnotes (6)
- [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.
Documents
Issuer
SOUTH JERSEY INDUSTRIES INC
CIK 0000091928
Entity typeother
Related Parties
1- filerCIK 0001876174
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 5:34 PM ET
- Size
- 18.7 KB