Form 4: Sempra Director James C. Yardley Acquires Additional Phantom Shares as Compensation

Sempra Director James C. Yardley acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 39,751 phantom shares.

Summary

• Director James C. Yardley acquired 164.09 phantom shares of Sempra common stock.
• The acquisition was part of director compensation.
• The phantom shares were valued at $76.18 per share.
• Following this transaction, James C. Yardley beneficially owns a total of 39,751 phantom shares.
• This total includes 1,863.44 unvested restricted phantom shares, which are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability, or removal without cause.

Sentiment

Score: 7

Explanation: The acquisition of phantom shares by a director, even as compensation, generally indicates alignment of interests with the company's performance and is a routine, slightly positive event.

Positives

• Director James C. Yardley increased his beneficial ownership in Sempra through the acquisition of phantom shares, aligning his interests with shareholders.

Negatives

• None identified in the filing.

Risks

• 1,863.44 unvested restricted phantom shares are subject to forfeiture if director service terminates prior to vesting for reasons other than death, disability, or removal without cause.

Future Outlook

The phantom shares acquired are immediately exercisable for vested portions, and 1,863.44 unvested restricted phantom shares are subject to forfeiture if director service terminates prior to vesting for reasons other than death, disability, or removal without cause.

Management Comments

• None explicitly stated in the filing.

Industry Context

This Form 4 filing details a routine insider transaction, specifically the acquisition of phantom shares by a director as part of compensation, which is a common practice across industries to align executive and director interests with shareholders.

Comparison to Industry Standards

• This Form 4 details a standard director compensation mechanism (phantom shares) and an insider transaction, which are common across publicly traded companies. Specific comparisons to other companies' compensation structures or insider trading volumes would require broader industry data not present in this filing.

Related Party Transactions

• Acquisition of 164.09 phantom shares by Director James C. Yardley as part of his compensation from Sempra.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through phantom share ownership.

Next Steps

• Continued service as a director for vesting of restricted phantom shares.

Key Dates

Keywords

Sempra, SRE, Form 4, insider transaction, director compensation, phantom shares, beneficial ownership