Form 4: Sempra Director Jennifer M. Kirk Reports Acquisition of Phantom Shares

Director Jennifer M. Kirk reports acquiring phantom shares of Sempra Common Stock as part of director compensation.

Summary

• On April 1, 2025, Jennifer M. Kirk, a director of Sempra, acquired 174.68 phantom shares of Sempra Common Stock as director compensation.
• The price per share is $71.56.
• Following the transaction, Kirk directly owns 2,278.31 derivative securities, which includes 1,666.55 unvested restricted phantom shares.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing director compensation. It doesn't contain any particularly positive or negative information, hence a neutral to slightly positive sentiment.

Risks

• 1,666.55 unvested restricted phantom shares are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability or removal without cause.

Industry Context

This filing is a routine disclosure related to director compensation in the form of phantom shares, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages, including phantom shares, are common across the energy sector.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize equity-based compensation for their board members.
• The specific amount and vesting schedules vary based on company size, performance, and board policies.

Stakeholder Impact

• The acquisition of phantom shares aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

Sempra, Director Compensation, Phantom Shares, Form 4, Jennifer M. Kirk, SRE