Form 4: Sempra Director Acquires Phantom Shares

Sempra director Pablo Ferrero acquired phantom shares of common stock as part of his director compensation on April 1, 2026.

Summary

• Pablo Ferrero, a Director at Sempra, acquired 128.32 phantom shares of Sempra Common Stock on April 1, 2026.
• These phantom shares were acquired as director compensation.
• The conversion rate for these phantom shares is 1 for 1 with Sempra Common Stock.
• The shares are immediately exercisable upon vesting.
• Following this transaction, Ferrero beneficially owns 16,012.14 shares of Sempra Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine director compensation transaction rather than significant financial performance or strategic changes.

Positives

• Director compensation is being utilized to align management interests with shareholders through equity awards.
• The acquisition of phantom shares indicates continued confidence in the company's stock value, as reflected in the exercise price of $97.41.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that the use of phantom shares for director compensation is a common practice in the utility and energy sector, aiming to retain talent and align executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director can be seen as a positive alignment of interests, suggesting the director is invested in the company's future performance.

Key Dates

Keywords

Sempra, SRE, Form 4, Director Compensation, Phantom Shares, Beneficial Ownership, Securities Exchange Act