Form 4: Sempra Director Acquires Phantom Shares

Sempra director Jennifer M. Kirk acquired phantom shares as part of her director compensation, with details of the transaction filed with the SEC.

Summary

• Jennifer M. Kirk, a Director at Sempra, acquired phantom shares on July 1, 2026.
• These phantom shares were acquired as director compensation.
• The acquisition involved 136.81 phantom shares.
• The value of these shares was based on a price of $91.37 per share.
• Following this transaction, Kirk beneficially owns 6,500.31 shares.
• This total includes 1,498.77 unvested restricted phantom shares.
• These unvested shares are subject to forfeiture under certain conditions, such as termination of directorship before vesting, unless due to death, disability, or removal without cause.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine director compensation transactions without significant financial performance indicators or strategic shifts.

Positives

• Director compensation is being utilized to align interests through equity awards.
• The acquisition of phantom shares indicates continued engagement and commitment from a director.

Negatives

• A portion of the director's compensation is subject to forfeiture, indicating performance or service-based conditions.
• The filing does not provide details on the vesting schedule for the unvested phantom shares.

Risks

• Unvested restricted phantom shares are subject to forfeiture if service as a director terminates prior to vesting for reasons other than death, disability, or removal without cause.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that the issuance of phantom shares as director compensation is a common practice in the utility sector to incentivize long-term performance and align executive interests with shareholders.

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director can be seen as a positive alignment of interests, though the forfeiture clauses introduce a performance element.
• Employees: This filing primarily concerns director compensation and has no direct impact on general employees.
• Creditors: No direct impact on creditors is indicated by this transaction.

Key Dates

Keywords

Sempra, Jennifer M. Kirk, Director Compensation, Phantom Shares, SEC Form 4, Beneficial Ownership, Equity Award