Form 4: Sempra CEO Jeffrey Martin Reports Acquisition of Phantom Shares

Sempra's Chairman, CEO, and President, Jeffrey W. Martin, reported the acquisition of 3,210.09 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 with the SEC.
• The filing reports the acquisition of 3,210.09 phantom shares of Sempra Common Stock on May 16, 2024.
• These shares were acquired under Sempra's deferred compensation plan at a price of $77.88 per phantom share, totaling $250,000.
• Martin directly owns 153,950.07 derivative securities after the reported transaction.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.
• The conversion rate for the derivative security is 1 for 1.
• The phantom shares are immediately exercisable and have no expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects routine executive compensation practices and insider confidence, but doesn't indicate significant positive or negative news.

Positives

• The acquisition of phantom shares by the CEO demonstrates his continued investment in the company's future.
• The deferred compensation plan provides a mechanism for aligning executive compensation with company performance.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates executive participation in the company's compensation plans.

Comparison to Industry Standards

• Executive compensation packages often include deferred compensation and phantom stock plans to align executive incentives with long-term shareholder value.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize similar compensation structures for their executives.
• The specific terms and amounts of these plans vary based on company size, performance, and industry practices.

Stakeholder Impact

• The acquisition of phantom shares by the CEO could be viewed positively by shareholders as it aligns his interests with the company's performance.

Key Dates