Form 4: Director James C. Yardley Acquires Sempra Phantom Shares

Director James C. Yardley acquired 1,498.77 phantom shares of Sempra common stock as part of his director compensation.

Summary

• Director James C. Yardley acquired 1,498.77 phantom shares of Sempra (SRE) common stock.
• The transaction occurred on May 12, 2026.
• Each phantom share is the economic equivalent of one share of Sempra common stock.
• The total beneficial ownership following this transaction is 42,849.17 phantom shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries neutral sentiment for the stock price.

Positives

• Demonstrates continued alignment of director interests with shareholders through equity-based compensation.

Risks

• Phantom shares are subject to forfeiture if the director's service terminates for reasons other than death, disability, or removal without cause prior to the 2027 Annual Shareholders Meeting.

Future Outlook

The phantom shares are scheduled to be paid out in cash following the director's separation of service, subject to vesting conditions related to the 2027 Annual Shareholders Meeting.

Management Comments

• Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock.

Industry Context

StockSavvy.ai notes that director compensation via phantom stock or deferred equity is a standard corporate governance practice in the utility sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices among large-cap utility companies like Duke Energy or Southern Company.
• The forfeiture provisions tied to annual meeting cycles are standard for board-level equity compensation plans.

Stakeholder Impact

• Shareholders benefit from the director's increased economic alignment with the company's performance.

Next Steps

• Director must remain in service until the 2027 Annual Shareholders Meeting to avoid forfeiture of the newly acquired shares.

Key Dates

Keywords

Sempra, SRE, Director Compensation, Insider Transaction, Phantom Stock