Form 4: Sempra Director Sagara Reports Stock Vesting and Sale

Sempra Director Kevin C. Sagara reported the vesting of performance-based restricted stock units and a subsequent sale of shares to cover tax liabilities.

Summary

• Kevin C. Sagara, a Director of Sempra, reported transactions on January 27, 2026.
• He acquired 3,133.22 shares of Common Stock and 4,320.2 shares of Common Stock, both at a price of $0, due to the vesting of performance-based restricted stock units.
• These restricted stock units were granted when he was previously an officer of Sempra.
• Concurrently, he disposed of 3,605.42 shares of Common Stock at a price of $87.11 per share, likely to cover tax obligations related to the vesting.
• Following these transactions, Sagara directly owns 4,890.07 shares of Common Stock and indirectly owns 2,438.32 shares in a 401(k) savings plan.

Sentiment

Score: 6

Explanation: The filing reports the routine vesting of performance-based restricted stock units for a director, indicating the achievement of prior performance goals. A portion of the vested shares was sold to cover tax liabilities, which is a standard practice and not indicative of negative sentiment.

Positives

• The vesting of performance-based restricted stock units indicates the achievement of prior performance targets by the director.
• The acquisition of 7,453.42 shares (3,133.22 + 4,320.2) at a $0 cost basis represents a significant gain for the director.

Negatives

• A disposition of 3,605.42 shares occurred, reducing the direct beneficial ownership, although this is a common practice for tax withholding upon RSU vesting.

Management Comments

• Vesting of performance-based restricted stock units granted while director was previously an officer of Sempra.

Industry Context

This filing is a routine disclosure of insider transactions, common for executives and directors receiving equity compensation. It reflects standard compensation practices within the utility sector, where long-term incentives often include restricted stock units tied to performance.

Stakeholder Impact

• Shareholders: The vesting and subsequent sale are routine and have minimal direct impact on the company's overall share structure or value beyond the standard dilution from equity compensation.
• Employees: Reflects standard equity compensation practices for senior leadership.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to equity compensation vesting and tax-related sales. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should maintain their current position based on broader company fundamentals and market analysis, as this filing is a standard disclosure of a pre-planned event.

Keywords

Sempra, SRE, Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Director Transactions, Equity Compensation, Kevin C. Sagara