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

Director Bethany Mayer reports acquiring 175.17 phantom shares of Sempra common stock as part of director compensation on April 1, 2024.

Summary

• Bethany Mayer, a director of Sempra, filed a Form 4 on April 2, 2024, reporting a transaction.
• On April 1, 2024, Mayer acquired 175.17 phantom shares of Sempra common stock as director compensation.
• The price of the derivative security was $71.36.
• Following the reported transaction, Mayer directly owns 10,905.26 shares of Sempra common stock.
• The phantom shares are immediately exercisable upon vesting and have no expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, indicating alignment of interests.

Positives

• The acquisition of phantom shares as compensation aligns the director's interests with the company's performance.

Industry Context

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

Stakeholder Impact

• The acquisition of phantom shares by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates