Form 4: Sempra Director Acquires Phantom Shares

Sempra director Richard J. Mark acquired phantom shares as part of his director compensation, with the transaction date reported as April 1, 2026.

Summary

• Richard J. Mark, a Director at Sempra (SRE), acquired 128.32 phantom shares on April 1, 2026.
• These phantom shares were acquired as director compensation.
• The phantom shares are convertible into Sempra Common Stock on a 1-for-1 basis.
• The acquisition was made pursuant to a written plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
• Following the transaction, Mark beneficially owns 1,857.1 shares of Sempra Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine director compensation and a change in beneficial ownership without indicating significant positive or negative developments for the company.

Positives

• Director compensation awarded in the form of phantom shares, aligning director interests with shareholders.
• Acquisition made under a Rule 10b5-1(c) plan, indicating pre-planned and potentially less market-sensitive transactions.
• Director Richard J. Mark continues to hold a significant direct beneficial ownership of 1,857.1 shares.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that the issuance of phantom shares as director compensation is a common practice in the utility sector, aiming to retain and incentivize key leadership by linking their rewards to the company's stock performance.

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director under a Rule 10b5-1(c) plan is a standard practice and is unlikely to have an immediate significant impact on share price. It reinforces alignment between director compensation and company performance.
• Employees: No direct impact on employees is indicated by this filing.
• Creditors: No impact on creditors is indicated by this filing.

Key Dates

Keywords

Sempra, SRE, Form 4, Director Compensation, Phantom Shares, Beneficial Ownership, Securities Exchange Act, Rule 10b5-1(c)