Form 4: Sempra Director Andres Conesa Increases Stake with Phantom Share Acquisition

Sempra Director Andres Conesa acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 10,859.95 phantom shares.

Summary

• Andres Conesa, a Director at Sempra (SRE), acquired 164.09 phantom shares as director compensation.
• The transaction occurred on July 1, 2025.
• Each phantom share is convertible on a one-for-one basis into Sempra Common Stock.
• The implied price per phantom share at the time of acquisition was $76.18.
• Following this transaction, Andres Conesa beneficially owns a total of 10,859.95 phantom shares.
• Vested phantom shares are immediately exercisable.

Sentiment

Score: 6

Explanation: The filing reports a routine director compensation event, which is generally a neutral to slightly positive signal as it aligns director interests with shareholders, but does not indicate significant new developments.

Positives

• Director Andres Conesa's beneficial ownership in Sempra increased, further aligning his interests with those of shareholders.
• The acquisition of phantom shares represents a standard form of compensation for the director's service.

Negatives

• No specific negative aspects are detailed in this routine compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports a past transaction.

Industry Context

This Form 4 filing details a routine director compensation event for Sempra, a major energy infrastructure company. Such compensation practices are common across the utility and energy sectors to align executive and director interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• This Form 4 reports a standard equity compensation event for a director, which is a common practice across publicly traded companies, including those in the utility sector like Duke Energy, NextEra Energy, or Southern Company.
• The specific number of shares and their value are consistent with typical director compensation packages, which often include a mix of cash and equity to incentivize long-term commitment and performance alignment.
• No specific comparable companies, projects, or results are detailed in this filing.

Related Party Transactions

• Director Andres Conesa acquired phantom shares as compensation, which is a transaction between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The increase in director ownership aligns the director's interests more closely with shareholders, potentially fostering better long-term decision-making.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this routine compensation filing.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

Sempra, SRE, Andres Conesa, Director Compensation, Phantom Shares, SEC Form 4, Beneficial Ownership, Equity Compensation