Form 4: Director Andres Conesa Adjusts Sempra Equity Holdings

Director Andres Conesa acquired 1,499 shares of Sempra common stock and disposed of 575.93 shares to cover tax obligations.

Summary

• Director Andres Conesa received 1,499 shares of Sempra common stock on May 12, 2026.
• A portion of these shares, totaling 575.93, was withheld by the company to satisfy tax withholding requirements at a price of $93.41 per share.
• Following these transactions, the director's total beneficial ownership in Sempra stands at 24,017.56 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event, as the transaction is a routine component of director compensation and tax management.

Positives

• The transaction reflects an increase in the director's direct equity stake in the company, signaling alignment with shareholder interests.

Negatives

• None identified; the disposal of shares was strictly for tax withholding purposes.

Risks

• None identified; this is a standard administrative filing regarding director compensation and tax obligations.

Future Outlook

Not applicable; this is a retrospective disclosure of an equity transaction.

Industry Context

StockSavvy.ai notes that routine equity grants and tax-related share withholdings for directors are standard corporate governance practices in the utility and energy sector, reflecting typical compensation structures rather than shifts in strategic outlook.

Comparison to Industry Standards

• The transaction aligns with standard executive compensation practices observed in large-cap utility companies like Duke Energy or Southern Company.
• The use of net settlement for tax obligations is a common industry practice to minimize cash outflow for directors.

Stakeholder Impact

• Minimal impact; the transaction represents standard director compensation and does not signal a change in company strategy or financial health.

Next Steps

• No further actions required by the reporting person regarding this specific transaction.

Key Dates

Keywords

Sempra, SRE, Form 4, Insider Trading, Director Compensation, Equity Ownership