Form 4: Sempra Director Richard J. Mark Reports Acquisition of Phantom Shares

Director Richard J. Mark reports acquiring phantom shares of Sempra Common Stock as part of director compensation.

Summary

• Richard J. Mark, a director of Sempra, filed a Form 4 on January 3, 2025, reporting a transaction that occurred on January 2, 2025.
• The transaction involved the acquisition of 143.46 phantom shares of Sempra Common Stock as director compensation.
• The price of the phantom shares was $87.13.
• Following the reported transaction, Mark directly owns 1,060.95 phantom shares.
• The phantom shares are convertible to common stock on a 1-for-1 basis and are immediately exercisable upon vesting; there is no expiration date.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.

Positives

• The acquisition of phantom shares indicates continued alignment of the director's interests with the company's performance.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages often include equity-based awards like phantom shares to align director interests with shareholder value.
• The specifics of these packages vary widely across companies and industries.

Stakeholder Impact

• The acquisition of phantom shares by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates