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 director compensation on July 1, 2024.

Summary

• Richard J. Mark, a director of Sempra, filed a Form 4 on July 2, 2024, reporting a transaction.
• On July 1, 2024, Mark acquired 166.73 phantom shares of Sempra Common Stock as part of director compensation.
• The price of the shares at the time of acquisition was $74.97.
• Following the reported transaction, Mark beneficially owns 758.1 derivative securities.
• The phantom shares are convertible to common stock on a 1-for-1 basis and are immediately exercisable upon vesting.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

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

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 phantom shares aligns the director's interests with those of the shareholders.

Key Dates