Form 4: Sempra Director Cynthia Warner Acquires Phantom Shares

Director Cynthia J. Warner acquired 1,498.77 phantom shares of Sempra common stock as part of deferred director compensation.

Summary

• Director Cynthia J. Warner was granted 1,498.77 phantom shares on May 12, 2026.
• Each phantom share is the economic equivalent of one share of Sempra common stock.
• The total beneficial ownership following this transaction is 15,117.92 phantom shares.
• These shares are subject to forfeiture if the director's service terminates before the 2027 Annual Shareholders Meeting, excluding specific conditions like death or disability.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing that reflects standard corporate governance practices rather than a change in company outlook.

Positives

• Demonstrates alignment of director interests with long-term shareholder value through equity-linked compensation.

Negatives

• None identified; this is a standard director compensation disclosure.

Risks

• Shares are subject to forfeiture if service terminates prior to the 2027 Annual Shareholders Meeting.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a routine disclosure of director compensation.

Industry Context

StockSavvy.ai notes that this filing is a routine administrative disclosure regarding director compensation, which is standard practice for large-cap utility companies like Sempra to ensure board alignment with equity performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is a common practice among S&P 500 companies to defer compensation and align board incentives with stock price performance.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard board compensation structure.

Next Steps

• Director must remain in service until the 2027 Annual Shareholders Meeting to avoid forfeiture of the newly granted shares.

Key Dates

Keywords

Sempra, SRE, Director Compensation, Phantom Shares, Insider Transaction, Corporate Governance