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

• Jack T. Taylor, a director of Sempra, reported acquiring 174.68 phantom shares of Sempra common stock on April 1, 2025.
• The acquisition is part of director compensation.
• The price per share is $71.56.
• Following the transaction, Taylor beneficially owns 37,946.63 shares, including 1,679.16 unvested restricted phantom shares.

Sentiment

Score: 7

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

Positives

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

Risks

• The 1,679.16 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.

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 equity-based awards like phantom shares to align director interests with shareholder value.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize equity-based compensation for their directors.

Stakeholder Impact

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

Key Dates

Keywords

Sempra, Director, Phantom Shares, Beneficial Ownership, Director Compensation, Form 4