Form 4: Sempra Director Pablo Ferrero Reports Acquisition of Phantom Shares

Director Pablo Ferrero reports acquiring phantom shares of Sempra Common Stock as part of director compensation.

Summary

• On April 1, 2025, Pablo Ferrero, a director of Sempra, acquired 174.68 phantom shares of Sempra Common Stock.
• The acquisition was part of director compensation.
• Following the transaction, Ferrero directly owns 14,954.57 phantom shares.
• The price per share is $71.56.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning director interests with shareholders.

Positives

• The acquisition of phantom shares as director compensation aligns the director's interests with those of the shareholders.

Industry Context

Director compensation in the form of phantom shares is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Comparing Sempra's director compensation structure to companies like NextEra Energy (NEE) or Duke Energy (DUK) would provide a benchmark for assessing the competitiveness and appropriateness of the compensation package.
• Reviewing the proxy statements of these companies would reveal the mix of cash, equity, and other benefits provided to their directors.

Stakeholder Impact

• The acquisition of phantom shares aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Sempra, Director, Phantom Shares, Compensation, Form 4, Beneficial Ownership