Form 4: Sempra Director Kevin Sagara Acquires Phantom Shares

Director Kevin C. Sagara acquired 1,498.77 phantom shares of Sempra common stock as part of his director compensation.

Summary

• Director Kevin C. Sagara was granted 1,498.77 phantom shares on May 12, 2026.
• Each phantom share represents the economic equivalent of one share of Sempra common stock.
• The total beneficial ownership following this transaction is 5,301.12 phantom shares.
• These shares are subject to forfeiture if the director's service terminates before the 2027 Annual Shareholders Meeting, excluding specific conditions like death or disability.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Shares are subject to forfeiture if service as a director terminates prior to the 2027 Annual Shareholders Meeting for reasons other than death, disability, or removal without cause.

Future Outlook

The shares are intended to be paid out in cash following the director's separation of service, subject to vesting requirements tied to the 2027 Annual Shareholders Meeting.

Management Comments

• Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices in the utility sector, designed to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of phantom stock as deferred compensation is a common practice among large-cap utility companies to manage tax implications and director retention.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation arrangement.

Next Steps

• Vesting of shares upon the 2027 Annual Shareholders Meeting.

Key Dates

Keywords

Sempra, SRE, Director Compensation, Phantom Shares, Insider Transaction, Corporate Governance