Form 4: Sempra CEO Acquires Phantom Shares Under Deferred Compensation Plan

Sempra's Chairman, CEO, and President, Jeffrey W. Martin, acquired 2,804.59 phantom shares of Sempra Common Stock under the company's deferred compensation plan.

Summary

• Jeffrey W. Martin, Chairman, CEO, and President of Sempra, filed a Form 4 disclosing changes in beneficial ownership.
• On March 17, 2025, Martin acquired 2,804.59 phantom shares of Sempra Common Stock under Sempra's deferred compensation plan.
• The acquisition price was $71.31 per phantom share, with a total acquisition cost of $200,000.
• Martin directly owns 190,478.54 shares of Sempra common stock after the transaction.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive as it indicates alignment of management and shareholder interests.

Positives

• The acquisition of phantom shares by the CEO demonstrates his continued investment in the company's future.
• The deferred compensation plan allows for flexibility, as the phantom shares can be converted to cash or transferred to an alternative investment account.

Industry Context

Executive compensation packages often include phantom shares as a way to align management's interests with those of shareholders. This Form 4 filing is a routine disclosure of such transactions.

Stakeholder Impact

• The acquisition of phantom shares by the CEO aligns his interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates