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

Sempra's Chairman, CEO, and President, Jeffrey W. Martin, reports the acquisition of phantom shares 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 7, 2025, Martin acquired 2,877.43 phantom shares of Sempra Common Stock under Sempra's deferred compensation plan.
• The acquisition price was $69.51 per phantom share, with a total acquisition cost of $200,000.
• Following the transaction, Martin directly owns 173,196.63 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 phantom shares are immediately exercisable and have no expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to executive compensation, which is generally viewed as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of phantom shares by the CEO demonstrates confidence in the company's future performance.
• The deferred compensation plan aligns the CEO's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of phantom shares suggests an expectation of future value.

Industry Context

Executive compensation packages often include equity-based awards like phantom shares to incentivize performance and align management interests with shareholder value. This filing is a routine disclosure of such a transaction.

Stakeholder Impact

• The acquisition of phantom shares by the CEO could positively influence shareholder sentiment.
• The deferred compensation plan aligns the CEO's interests with those of the shareholders, potentially leading to better long-term performance.

Key Dates