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

Sempra's Chairman, CEO, and President, Jeffrey Martin, reports acquiring phantom shares under the company's deferred compensation plan.

Summary

• Jeffrey W. Martin, Chairman, CEO, and President of Sempra, filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Martin acquired 2,896.97 phantom shares of Sempra Common Stock under Sempra's deferred compensation plan.
• The acquisition price was $69.04 per phantom share, with a total acquisition cost of $200,000.
• Martin directly owns 184,788.07 shares of Sempra common stock.
• 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 document is a routine regulatory filing. The acquisition of phantom shares by the CEO is generally viewed positively as it aligns his interests with those of shareholders.

Positives

• The acquisition of phantom shares by the CEO demonstrates his continued investment in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or deferred compensation plans to align executive interests with shareholder value.
• The specifics of Sempra's deferred compensation plan would need to be compared to those of peer companies in the utilities sector to assess its competitiveness and appropriateness.

Stakeholder Impact

• The acquisition of phantom shares by the CEO could have a slightly positive impact on shareholder sentiment.

Key Dates