4/A: Sempra Energy Executive Jeffrey Martin Corrects Phantom Share Acquisition Details in Amended SEC Filing

Jeffrey Martin, Chairman, CEO, and President of Sempra Energy, files an amended Form 4 to correct the price and quantity of phantom shares acquired under the company's deferred compensation plan.

Summary

• Jeffrey W. Martin, Chairman, CEO, and President of Sempra, filed an amended Form 4 with the SEC.
• The amendment corrects an error in the price of phantom shares acquired under Sempra's deferred compensation plan on March 4, 2024.
• The original filing incorrectly stated the price as $70.74 per share, while the correct price was $70.19.
• This error led to an understatement of the number of phantom shares acquired and the holdings following the reported transaction by 416.33 shares.
• Martin acquired 53,289.68 phantom shares at $70.19 per share, with a total acquisition cost of $3,740,261.
• Following the transaction, Martin directly owns 146,170.97 phantom shares.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it addresses an error, it doesn't indicate any fundamental issues with the company's performance or outlook. The sentiment is neutral to slightly positive as it demonstrates transparency and adherence to regulatory requirements.

Negatives

• The original Form 4 filed on March 4, 2024, contained an error in the reported price of the phantom shares.

Industry Context

This filing is a routine disclosure related to executive compensation and is specific to Sempra Energy. It doesn't directly reflect broader industry trends.

Stakeholder Impact

• The correction ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates