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.