Form 4: Sempra Director James C. Yardley Reports Changes in Beneficial Ownership

Director James C. Yardley reports acquisition of phantom shares in Sempra, indicating changes in beneficial ownership.

Summary

• On May 13, 2025, James C. Yardley, a director of Sempra, reported the acquisition of 1,863.44 phantom shares.
• These phantom shares are the economic equivalent of Sempra common stock.
• The acquisition was reported on a Form 4 filing with the SEC.
• Following the transaction, Yardley's direct ownership includes 39,586.92 phantom shares, including 37,723.48 vested shares acquired as deferred compensation.
• The acquired shares are subject to forfeiture if Yardley's service as a director terminates before Sempra's 2026 Annual Shareholders Meeting, except in cases of death, disability, or removal without cause.
• Vested phantom shares and reinvested dividend equivalents are paid in cash after separation of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and aligns director interests with shareholders through phantom stock ownership.

Future Outlook

The report indicates continued director compensation in the form of phantom shares, aligning director interests with shareholder value until at least the 2026 Annual Shareholders Meeting.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of phantom shares aligns the director's interests with those of the shareholders.
• The forfeiture conditions incentivize continued service and performance.

Key Dates

Keywords

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