Form 4: Sempra CEO Jeffrey Martin Sells Shares Under 10b5-1 Plan

Sempra's CEO, Jeffrey Martin, sold 49,737 shares of common stock at an average price of $82.94 per share on January 30, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Jeffrey W. Martin, the Chairman, CEO, and President of Sempra, executed a sale of 49,737 shares of Sempra common stock on January 30, 2025.
• The sale was conducted at a weighted average price of $82.94 per share, with individual prices ranging from $82.53 to $83.43.
• This transaction was made under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Mr. Martin directly owns 2.35 shares and indirectly owns 19,332.97 shares through a 401(k) savings plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for a pre-planned stock sale by an executive, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a routine filing related to insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies like Sempra, similar to practices at companies such as NextEra Energy (NEE) and Southern Company (SO).
• These plans allow executives to sell shares at predetermined times and prices, mitigating concerns about insider trading.
• The reported sale is consistent with typical executive stock transactions and does not indicate any unusual activity compared to peers.

Stakeholder Impact

• The stock sale by the CEO may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it was pre-planned and not based on any new information.

Key Dates

Keywords

Sempra, Jeffrey Martin, stock sale, Form 4, 10b5-1 plan, insider trading, executive stock