Form 4: Sempra Director Acquires Phantom Shares

Sempra director Kevin C. Sagara acquired phantom shares as part of his director compensation, with the transaction date reported as April 1, 2026.

Summary

• Kevin C. Sagara, a Director at Sempra (SRE), acquired 128.32 phantom shares on April 1, 2026.
• These phantom shares were acquired as part of his director compensation.
• The phantom shares are convertible into Sempra Common Stock on a 1-for-1 basis.
• The acquisition was made under a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.
• Following the transaction, Sagara beneficially owns 3,777.29 shares of Sempra Common Stock directly.

Sentiment

Score: 5

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

Positives

• Director compensation is being utilized to align management interests with shareholders through equity awards.
• The acquisition was made under a Rule 10b5-1(c) plan, suggesting a structured and compliant approach to trading.
• The reporting person, Kevin C. Sagara, is a Director, indicating continued commitment and involvement.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a director's compensation transaction.

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 company performance and shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director, especially under a 10b5-1 plan, can be seen as a signal of continued confidence in the company's future prospects, potentially positively influencing investor sentiment.

Key Dates

Keywords

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