Form 4: Sempra Director James C. Yardley Reports Acquisition of Phantom Shares

Director James C. Yardley reports acquiring phantom shares of Sempra common stock as part of director compensation.

Summary

• James C. Yardley, a director of Sempra, filed a Form 4 with the SEC.
• The filing reports the acquisition of 174.68 phantom shares of Sempra common stock on April 1, 2025, as director compensation.
• The price of the derivative security is $71.56.
• Following the transaction, Yardley beneficially owns 37,381.07 shares, including 1,679.16 unvested restricted phantom shares.
• These unvested shares are subject to forfeiture if service as a director terminates prior to vesting, except in cases of death, disability, or removal without cause.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would drastically alter investor sentiment, but it does show continued director compensation.

Positives

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

Risks

• The 1,679.16 unvested restricted phantom shares are subject to forfeiture under certain conditions, which could impact the director's long-term holdings.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in director ownership, promoting transparency.

Key Dates

Keywords

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