Form 4: Sempra Director Conesa Reports Future Phantom Share Grant

Sempra Director Andres Conesa reported the future acquisition of 139.34 phantom shares on January 2, 2026, as director compensation, increasing his beneficial ownership to 11,310.11 derivative securities.

Summary

• Andres Conesa, a Director at Sempra, is set to acquire 139.34 phantom shares on January 2, 2026, as part of his director compensation.
• These phantom shares convert on a 1-for-1 basis to Sempra Common Stock.
• Following this transaction, Conesa's beneficial ownership of derivative securities will total 11,310.11.
• The derivative securities were valued at $89.71 per share.

Sentiment

Score: 6

Explanation: The acquisition of phantom shares by a director as part of compensation is a routine event, but generally viewed as a minor positive signal of alignment with shareholder interests.

Positives

• The acquisition of phantom shares by a director aligns management interests with those of shareholders.

Negatives

• No negative information is disclosed in this routine insider transaction report.

Future Outlook

This report details a specific future transaction for director compensation and does not provide broader forward-looking statements or company guidance.

Industry Context

This is a routine insider transaction report for director compensation, which is a common practice across publicly traded companies to align director interests with shareholders. It does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may view the director's acquisition of additional equity-linked compensation as a positive indicator of continued alignment between management and shareholder interests.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom shares by a director as part of their compensation. While it indicates continued alignment, it does not provide new fundamental information to alter an investment recommendation.

Keywords

Sempra, SRE, Form 4, Insider Transaction, Director Compensation, Phantom Shares, Beneficial Ownership