Form 4: Sempra Director Jennifer M. Kirk Reports Acquisition of Restricted Phantom Shares
SEC Form 4 Filing
Director Jennifer M. Kirk reports acquiring 1,641.93 restricted phantom shares of Sempra on July 5, 2024.
Summary
- On July 5, 2024, Jennifer M. Kirk, a director of Sempra, acquired 1,641.93 restricted phantom shares.
- These shares are subject to forfeiture if her service as a director terminates before the first anniversary of the grant date, except in cases of death, disability, or removal without cause.
- Vested shares and reinvested dividend equivalents will be paid in cash following separation from service.
- The transaction was reported on July 8, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted phantom shares aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of transaction: Acquisition of restricted phantom shares. |
| 07/08/2024 | Date of filing: Report of the transaction. |
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