Form 4: Sempra Director Kevin C. Sagara Reports Acquisition of Restricted Phantom Shares

Director Kevin C. Sagara reports acquiring restricted phantom shares of Sempra common stock on March 14, 2025.

Summary

• On March 14, 2025, Kevin C. Sagara, a director of Sempra, acquired 1,994.02 restricted phantom shares.
• These shares are subject to forfeiture if his 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.
• Mr. Sagara directly owns 3,338.31 derivative securities following the reported transaction, which includes 1,344.3 phantom shares acquired under Sempra's deferred compensation plan during his time as an employee, which are not subject to forfeiture.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.

Risks

• The restricted phantom shares are subject to forfeiture if Mr. Sagara's service as a director terminates under specific circumstances before the first anniversary of the grant date.

Industry Context

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

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates