Form 4: Sempra Director Acquires Phantom Shares

Sempra director Jack T. Taylor acquired phantom shares as part of his compensation, with details of the transaction filed with the SEC.

Summary

• Jack T. Taylor, a Director at Sempra, acquired phantom shares on July 1, 2026.
• These phantom shares represent compensation for his services as a director.
• The acquisition involved 136.81 phantom shares, valued at $91.37 per share, totaling $12,500.00.
• Following this transaction, Mr. Taylor beneficially owns 43,573.81 shares.
• This total includes 1,498.77 unvested restricted phantom shares that are subject to forfeiture under certain conditions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents routine director compensation and does not indicate significant changes in the company's financial performance or strategic direction.

Positives

• Director compensation is being utilized, indicating ongoing engagement and commitment from leadership.
• The acquisition of phantom shares aligns the director's interests with those of the company's shareholders.

Negatives

• The filing details a forfeiture risk for unvested shares if director service terminates prematurely for reasons other than death, disability, or removal without cause.

Risks

• Potential forfeiture of unvested phantom shares if director's service is terminated under specific circumstances.
• The value of phantom shares is tied to the market performance of Sempra's common stock, exposing the director to market volatility.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a change in beneficial ownership.

Management Comments

• Phantom shares acquired as director compensation.
• Conversion of derivative security is 1 for 1.
• Date exercisable is immediate for shares that have vested.
• Expiration date is Not Applicable.
• Total includes 1,498.77 unvested restricted phantom shares that are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability or removal without cause.

Industry Context

StockSavvy.ai notes that the use of phantom shares for director compensation is a common practice in the utility and energy sector, aligning executive incentives with long-term shareholder value.

Related Party Transactions

• Acquisition of phantom shares by Director Jack T. Taylor as compensation for services rendered.

Stakeholder Impact

• Shareholders: The alignment of director compensation with stock performance can positively influence long-term shareholder value.
• Employees: Indirect impact through the stability and performance of the company driven by effective board oversight.
• Management: Reinforces the compensation structure for non-employee directors.

Next Steps

• Continued service as a director by Jack T. Taylor.
• Potential vesting of remaining unvested phantom shares based on continued service.
• Monitoring of Sempra's stock performance impacting the value of phantom shares.

Key Dates

Keywords

Sempra, SRE, Form 4, Director Compensation, Phantom Shares, Beneficial Ownership, SEC Filing, Insider Trading