Form 4: Sempra Director Jennifer M. Kirk Acquires Phantom Shares as Compensation

Sempra Director Jennifer M. Kirk acquired 164.09 phantom shares as compensation, increasing her beneficial ownership to 4,325.19 phantom shares.

Summary

• Director Jennifer M. Kirk acquired 164.09 phantom shares of Sempra Common Stock.
• These shares were acquired as director compensation.
• The transaction date for the acquisition was July 1, 2025.
• Following this transaction, Ms. Kirk beneficially owns a total of 4,325.19 phantom shares.
• Of the total, 3,545.32 phantom shares are unvested and subject to forfeiture if service as a director terminates prior to vesting, except in cases of death, disability, or removal without cause.
• The conversion rate for phantom shares to common stock is 1 for 1.
• The price of the underlying common stock at the time of acquisition was $76.18 per share.

Sentiment

Score: 7

Explanation: The acquisition of phantom shares by a director as compensation is a routine event that aligns the director's interests with the company's performance. It is generally viewed as a neutral to slightly positive signal, indicating continued commitment from the board.

Positives

• Director Jennifer M. Kirk acquired additional phantom shares, indicating continued alignment of interests with shareholders.
• The acquisition is part of director compensation, a standard practice for incentivizing board members.

Risks

• 3,545.32 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 document does not provide a future outlook or guidance beyond the details of the specific transaction.

Industry Context

This Form 4 filing reflects a routine compensation event for a director at a utility company. Such equity-based compensation is common across industries, including the energy and utilities sector, to align director interests with long-term shareholder value.

Comparison to Industry Standards

• The acquisition of phantom shares as director compensation is a standard practice in corporate governance across various industries, including the utilities sector where Sempra operates.
• While specific compensation structures vary, the use of equity-linked instruments like phantom shares is a common method to incentivize directors and align their interests with company performance and shareholder returns.
• No specific comparable companies or projects are mentioned in the filing to allow for a direct quantitative comparison of the compensation amount.

Related Party Transactions

• The acquisition of phantom shares by a director as compensation is a related party transaction, representing a standard and disclosed form of remuneration for board service.

Stakeholder Impact

• Shareholders: The transaction aligns the director's interests with shareholders through equity-based compensation.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Key Dates

Recommendation

Keywords

Sempra, SRE, SEC Form 4, Insider Trading, Director Compensation, Phantom Shares, Equity Compensation, Beneficial Ownership, Jennifer M. Kirk