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

Director Jack T. Taylor reports acquiring 1,641.07 restricted phantom shares of Sempra common stock on May 9, 2024.

Summary

• On May 9, 2024, Jack T. Taylor, a director of Sempra, acquired 1,641.07 restricted phantom shares of Sempra common stock.
• These shares are subject to forfeiture if Taylor's service as a director terminates before the 2025 Annual Meeting of Sempra Shareholders, unless due to death, disability, or removal without cause.
• Vested shares, along with reinvested dividend equivalents, will be paid to Taylor in cash following separation of service.
• The reported transaction was filed on May 13, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of a transaction.

Risks

• The restricted phantom shares are subject to forfeiture if the director's service terminates before the 2025 Annual Meeting under specific circumstances, which could impact the director's compensation if those circumstances occur.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates a director's acquisition of restricted phantom shares, which is a form of equity compensation.

Stakeholder Impact

• The acquisition of restricted phantom shares by a director aligns the director's interests with those of the shareholders, as the value of the shares is tied to the company's stock performance.

Key Dates