Form 4: Sempra Director Acquires Phantom Shares as Compensation

Sempra Director James C. Yardley acquired 139.34 phantom shares as part of director compensation on January 2, 2026.

Summary

• James C. Yardley, a Director of Sempra (SRE), acquired 139.34 phantom shares.
• The transaction occurred on January 2, 2026, and was reported on January 5, 2026.
• These phantom shares were acquired as director compensation.
• Each phantom share is convertible to one share of Sempra Common Stock.
• The acquisition price was $89.71 per phantom share.
• Following this transaction, Mr. Yardley beneficially owns a total of 40,656.7 phantom shares.
• This total includes 1,892.82 unvested restricted phantom shares, which are subject to forfeiture if service as a director terminates for reasons other than death, disability, or removal without cause.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even as compensation, generally indicates continued confidence and alignment with the company's performance. It's a routine, slightly positive signal.

Positives

• Director James C. Yardley acquired 139.34 phantom shares, indicating continued alignment of interests with shareholders.
• The acquisition was part of director compensation, a standard practice for incentivizing board members.

Risks

• 1,892.82 unvested restricted phantom shares are subject to forfeiture if director service terminates prior to vesting for any reason other than death, disability, or removal without cause.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It reflects a director's compensation structure and equity ownership, which is standard practice in the utility sector for aligning management and director interests with shareholders.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders through equity ownership.
• Employees/Customers/Suppliers/Creditors: No direct impact from this specific transactional filing.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of phantom shares by a director as part of their compensation. While it indicates continued alignment of interests, it does not provide new fundamental information about Sempra's operational performance or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this transactional filing.

Keywords

Sempra, SRE, Form 4, Insider Transaction, Director Compensation, Phantom Shares, Equity Acquisition