Form 4: Sempra Director Jack T. Taylor Reports Acquisition of Phantom Shares

Director Jack T. Taylor reports acquiring phantom shares of Sempra common stock as part of director compensation.

Summary

• On January 2, 2025, Jack T. Taylor, a director of Sempra, acquired 143.46 phantom shares of Sempra Common Stock.
• The acquisition was part of director compensation.
• The price per share was $87.13.
• Following the transaction, Taylor beneficially owns 37,490.57 shares, including 1,666.60 unvested restricted phantom shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom shares indicates continued alignment of the director's interests with the company's performance.

Risks

• The 1,666.60 unvested restricted phantom shares are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability or removal without cause, which could impact the director's holdings.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Director compensation packages often include stock or phantom stock to align director interests with shareholder value.
• The vesting conditions on the restricted phantom shares are typical for director compensation plans.

Stakeholder Impact

• The acquisition of phantom shares by a director can positively influence shareholder confidence by demonstrating alignment of interests.

Key Dates