Form 4: Director Jennifer M. Kirk Acquires Sempra Phantom Shares

Sempra Director Jennifer M. Kirk acquired 1,498.77 phantom shares as part of deferred compensation for board service.

Summary

• Director Jennifer M. Kirk acquired 1,498.77 phantom shares of Sempra common stock on May 12, 2026.
• Each phantom share is the economic equivalent of one share of Sempra common stock.
• The acquisition represents deferred compensation for service as a director.
• The total beneficial ownership following the transaction is 6,363.5 phantom shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

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

Negatives

• None identified.

Risks

• The 1,498.77 newly acquired 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 tied 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 this is a routine disclosure of director compensation, common among large-cap utility companies to ensure board members maintain a long-term stake in company performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is a standard practice among S&P 500 utility companies to align board incentives with shareholder value without immediate share dilution.

Stakeholder Impact

• Shareholders: No direct impact as this is a standard compensation arrangement.

Next Steps

• Director service must continue through the 2027 Annual Shareholders Meeting to avoid forfeiture of the newly acquired shares.

Key Dates

Keywords

Sempra, SRE, Director, Insider Trading, Phantom Shares, Deferred Compensation