Form 4: Sempra Director Bethany Mayer Reports Acquisition of Phantom Shares

Director Bethany Mayer reported acquiring 166.73 phantom shares of Sempra common stock as part of director compensation on July 1, 2024.

Summary

• On July 1, 2024, Bethany Mayer, a director of Sempra, acquired 166.73 phantom shares of Sempra common stock.
• The acquisition was part of director compensation.
• The price of the phantom shares was $74.97.
• Following the transaction, Mayer directly owns 11,169.57 shares of Sempra common stock.
• The phantom shares are immediately exercisable and do not have an expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally seen as a positive sign, indicating confidence in the company's future. However, the amount is relatively small and part of a standard compensation package, so the impact is limited.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Comparison to Industry Standards

• Director compensation in the form of stock or phantom shares is a common practice among publicly traded companies, aligning director interests with shareholder value.
• The amount of phantom shares acquired is relatively small, suggesting it's a routine part of the director's compensation package.

Stakeholder Impact

• The acquisition of shares by a director can have a slightly positive impact on shareholder sentiment.

Key Dates