Form 4: Sempra Director Jack T. Taylor Acquires Phantom Shares

Director Jack T. Taylor acquired 1,498.77 phantom shares of Sempra common stock as part of his director compensation package.

Summary

• Director Jack T. Taylor was granted 1,498.77 phantom shares of Sempra common stock.
• The transaction occurred on May 12, 2026.
• Each phantom share is the economic equivalent of one share of Sempra common stock.
• Following this transaction, the director holds a total of 43,437.01 phantom shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• The acquisition reflects continued alignment between the director and the company's long-term performance through equity-linked compensation.

Negatives

• None identified.

Risks

• The phantom shares are subject to forfeiture if the director's service terminates for reasons other than death, disability, or removal without cause prior to the 2027 Annual Shareholders Meeting.

Future Outlook

The phantom shares are scheduled to be paid out in cash following the director's separation of service, subject to vesting conditions tied to the 2027 Annual Shareholders Meeting.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation within the utility sector, where equity-linked deferred compensation is standard practice to align board interests with shareholder value.

Comparison to Industry Standards

• The use of phantom stock as a form of deferred compensation for board members is consistent with standard corporate governance practices among large-cap utility companies like Sempra.
• The vesting requirements tied to annual shareholder meetings are typical for director equity grants in the S&P 500.

Stakeholder Impact

• No material impact on shareholders, employees, or creditors as this is a standard compensation event.

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, SEC Form 4