0001562180-22-003896.txt : 20220506 0001562180-22-003896.hdr.sgml : 20220506 20220506173424 ACCESSION NUMBER: 0001562180-22-003896 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220301 FILED AS OF DATE: 20220506 DATE AS OF CHANGE: 20220506 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brinson Leonard Jr CENTRAL INDEX KEY: 0001876174 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06364 FILM NUMBER: 22902563 MAIL ADDRESS: STREET 1: 1 SOUTH JERSEY PLAZA CITY: FOLSOM STATE: NJ ZIP: 08037 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH JERSEY INDUSTRIES INC CENTRAL INDEX KEY: 0000091928 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 221901645 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 SOUTH JERSEY PLAZA STREET 2: ROUTE 54 CITY: FOLSOM STATE: NJ ZIP: 08037 BUSINESS PHONE: 609-561-9000 MAIL ADDRESS: STREET 1: 1 SOUTH JERSEY PLAZA STREET 2: ROUTE 54 CITY: FOLSOM STATE: NJ ZIP: 08037 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH JERSEY GAS CO DATE OF NAME CHANGE: 19700507 FORMER COMPANY: FORMER CONFORMED NAME: ATLANTIC CITY GAS CO DATE OF NAME CHANGE: 19680301 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2022-03-01 false 0000091928 SOUTH JERSEY INDUSTRIES INC SJI 0001876174 Brinson Leonard Jr 1 SOUTH JERSEY PLAZA FOLSOM NJ 08037 false true false false SVP, Chief Information Officer Common Stock 2022-03-01 4 M false 952.00 0.00 A 8233.243 D Common Stock 2022-03-01 4 F false 72.00 33.93 D 8161.243 D Common Stock 2022-05-04 4 M false 1046.00 0.00 A 9273.5861 D Common Stock 2022-05-04 4 F false 24.00 34.10 D 9249.5861 D Restricted Stock Units 0.00 2022-05-04 4 J false 48.2679 0.00 A Common Stock 48.2679 5421.3414 D Restricted Stock Units 0.00 2022-05-04 4 M false 1046.875 0.00 D Common Stock 1046.875 4374.4664 D 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%. Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan). Represents shares withheld for taxes on the 2019 performance RSU that vested on March 1, 2022. 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. Represents shares withheld for taxes on the first tranche of the 2021 time-based RSU that vested on May 4, 2022. Represents DES accrued on outstanding Restricted Stock Units. /s /Lauren Hemple, Attorney-in-Fact 2022-05-06 EX-24 2 lbpoa.txt LBPOA POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints Edythe Nipper and Lauren Hemple signing singly, with full power of substitution, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, forms and authentication documents for EDGAR Filing Access; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such forms and authentication documents; (3) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer, director and/or 10% shareholder of South Jersey Industries, Inc., the (Company), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (4) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (5) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney- in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact, on behalf of the undersigned pursuant to this Power of Attorney, shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys- in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed July 26, 2021. /s/ Leonard Brinson Jr. Leonard Brinson Jr. SVP, Chief Information Officer South Jersey Industries, Inc.