Form 4: Sempra Director Sells 14,433 Shares Under 10b5-1 Plan
Insider Transaction Report
Sempra Director Kevin C. Sagara sold 14,433 shares of common stock for $89.50 per share, totaling approximately $1.29 million, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Kevin C. Sagara, a Director of Sempra (SRE), sold 14,433 shares of common stock.
- The transaction occurred on September 29, 2025, at a price of $89.50 per share.
- The total value of the shares sold is approximately $1,291,003.50.
- The sale was executed under a Rule 10b5-1(c) trading plan established on March 19, 2025.
- Following the transaction, Mr. Sagara directly owns 1,042.07 shares and indirectly owns 2,404.47 shares through a 401(k) savings plan.
- A Power of Attorney was filed, authorizing specific individuals to handle SEC filings on Mr. Sagara's behalf.
Sentiment
Score: 5
Explanation: A routine insider sale under a Rule 10b5-1 plan is generally considered neutral. It's a pre-scheduled transaction for personal financial management and does not inherently signal positive or negative sentiment about the company's future prospects.
Future Outlook
NA
Management Comments
- The shares of common stock reflected in this Form 4 were sold in accordance with a written instruction and plan for trading securities established by Mr. Sagara on March 19, 2025 pursuant to Rule 10b5-1(c) under the Securities Exchange Act of 1934.
Industry Context
This is a routine insider transaction and does not provide specific insights into broader industry trends for the utilities sector. Insider sales under 10b5-1 plans are common for executives managing personal finances and diversifying portfolios.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Kevin C. Sagara granted a Power of Attorney to several individuals (Lisa H. Abbot, Trina F. Adams, Diana L. Day, Briana T. Goncalves, Debbie S. Robinson, James M. Spira) to prepare, execute, submit, and file SEC forms (Forms 3, 4, 5, 144) and manage his EDGAR account. | 09/18/2025 | This is a standard administrative measure to facilitate timely and compliant SEC filings for the reporting person, ensuring efficient adherence to regulatory requirements. It does not represent a change in corporate governance structure but rather an operational efficiency for insider reporting. |
Stakeholder Impact
- Shareholders: The sale by a director, while pre-planned, slightly reduces insider ownership. However, given the 10b5-1 plan, it's unlikely to be interpreted as a negative signal regarding company performance.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date Rule 10b5-1(c) trading plan was established by Mr. Sagara. |
| 09/18/2025 | Date Power of Attorney was executed by Kevin C. Sagara. |
| 09/29/2025 | Date of common stock transaction (sale) by Kevin C. Sagara. |
Recommendation
holdThe transaction is a pre-scheduled sale under a Rule 10b5-1 plan, which is a routine event for executives managing personal finances and diversifying portfolios. It does not reflect new information about the company's operational performance or future outlook, thus it does not warrant a change in investment recommendation based solely on this filing.
Keywords
Sempra, SRE, Insider Trading, Form 4, Kevin C. Sagara, Director, Stock Sale, 10b5-1 Plan, Beneficial Ownership
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