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

Sempra's Chairman, CEO, and President, Jeffrey W. Martin, reported the acquisition of 2,851.7 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 to report changes in beneficial ownership.
• On March 6, 2025, Martin acquired 2,851.7 phantom shares of Sempra Common Stock under Sempra's deferred compensation plan.
• The acquisition price was $70.13 per phantom share, with a total acquisition cost of $200,000.
• Following the transaction, Martin directly owns 170,319.2 derivative securities.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.
• The derivative security conversion rate is 1 for 1.
• The derivative security is immediately exercisable and has no expiration date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom shares under the deferred compensation plan aligns the executive's interests with the company's performance.
• The ability to transfer phantom shares into an alternative investment account provides flexibility for the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's continued investment in Sempra through participation in the deferred compensation plan.

Stakeholder Impact

• The acquisition of phantom shares by the CEO may have a slightly positive impact on shareholder sentiment, as it demonstrates confidence in the company's future performance.

Key Dates