Form 4: Sempra Chief Legal Counsel Reports Stock Transactions

Sempra's Chief Legal Counsel, Diana L. Day, reported the acquisition of 9,364 shares and disposition of 1,407.66 shares of common stock, primarily through a pre-arranged plan.

Summary

• Diana L. Day, Chief Legal Counsel of Sempra, reported changes in her beneficial ownership of Sempra common stock.
• On January 2, 2026, Day disposed of 1,407.66 shares of common stock at a price of $89.71 per share, likely for tax withholding purposes related to equity award vesting.
• On the same date, Day acquired 9,364 shares of common stock at a price of $0 per share, which typically represents the vesting or grant of equity awards.
• Following these transactions, Day directly beneficially owns 25,061.6 shares of Sempra common stock.
• Day also indirectly beneficially owns 418.61 shares through a 401(k) Savings Plan.
• These transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, primarily the vesting of equity awards and associated tax dispositions, which are generally neutral to slightly positive as they align executive interests with shareholders. The transactions were pre-planned under a 10b5-1 plan.

Positives

• The acquisition of 9,364 shares at $0 indicates the vesting of equity awards, a common form of executive compensation that aligns management's interests with shareholders.
• Transactions conducted under a Rule 10b5-1(c) plan demonstrate pre-planning and adherence to insider trading regulations.

Negatives

• The disposition of 1,407.66 shares, while likely for tax purposes, represents a reduction in direct ownership, though it is offset by a larger acquisition.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects standard executive compensation practices within the utility sector.

Related Party Transactions

• The reported transactions are by an insider (Chief Legal Counsel) of Sempra, making them related party transactions by definition. They involve the disposition and acquisition of company stock as part of executive compensation.

Stakeholder Impact

• Shareholders: The increase in direct beneficial ownership by a key executive through equity awards can be seen as a positive alignment of interests. The disposition for tax purposes is a routine event.
• Employees: No direct impact on general employees is indicated.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically the vesting of equity awards and associated tax dispositions, executed under a pre-arranged 10b5-1 plan. While the executive's overall direct ownership increased, these transactions are standard compensation events and do not provide new fundamental information about Sempra's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a compelling reason to alter an existing investment thesis.

Keywords

Sempra, SRE, Diana L. Day, Chief Legal Counsel, Form 4, insider trading, stock transactions, beneficial ownership, equity awards, 10b5-1 plan, common stock