Form 4: Sempra Director Acquires Phantom Shares

Sempra director Jack T. Taylor acquired phantom shares as part of his director compensation, reflecting ongoing equity-based incentives.

Summary

• Jack T. Taylor, a Director at Sempra, acquired 128.32 phantom shares on April 1, 2026.
• These phantom shares were acquired as director compensation.
• The acquisition was made under a plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
• The phantom shares are convertible into Sempra Common Stock on a 1-for-1 basis.
• Following this transaction, Taylor beneficially owns 41,653.1 shares of Sempra Common Stock.
• This total includes 1,906.10 unvested restricted phantom shares subject to forfeiture under certain conditions.

Sentiment

Score: 5

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

Positives

• Director compensation is being issued in the form of equity, aligning director interests with shareholders.
• The acquisition was made under a Rule 10b5-1(c) plan, indicating a structured and pre-planned approach to equity transactions.
• The reporting person has a significant beneficial ownership of Sempra stock, demonstrating long-term commitment.

Negatives

• A portion of the phantom shares (1,906.10) are unvested and subject to forfeiture, indicating potential loss of equity under specific circumstances.

Risks

• Forfeiture of unvested restricted phantom shares if director service 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. It reports a completed transaction of acquiring phantom shares.

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 experienced leadership and align their incentives with long-term company performance and shareholder value.

Related Party Transactions

• Acquisition of phantom shares by Director Jack T. Taylor as part of his director compensation from Sempra.

Stakeholder Impact

• Shareholders: Continued alignment of director interests with shareholder value through equity-based compensation.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Vesting of the remaining 1,906.10 restricted phantom shares, contingent on continued service as a director.

Key Dates

Keywords

Sempra, SRE, Form 4, Director Compensation, Phantom Shares, Beneficial Ownership, Equity Incentive, Rule 10b5-1(c)