Form 4: Sempra Executive Acquires Phantom Shares Under Deferred Compensation Plan

Lisa Larroque Alexander, SVP of Corporate Affairs and HR at Sempra, acquired 715.91 phantom shares of Sempra Common Stock under the company's deferred compensation plan.

Summary

• On March 11, 2025, Lisa Larroque Alexander, a Senior Vice President at Sempra, acquired 715.91 phantom shares of Sempra Common Stock.
• The acquisition was made under Sempra's deferred compensation plan at a price of $69.84 per phantom share.
• The total acquisition cost was $50,000.
• Following the transaction, Ms. Alexander directly owns 1,449.78 phantom shares.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.
• The reported transaction was filed on March 12, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The acquisition of phantom shares can be seen as a positive sign of the executive's confidence in the company, but it's not a major event.

Positives

• The acquisition of phantom shares by a company executive demonstrates confidence in the company's future performance.

Industry Context

Executive compensation packages often include phantom shares as a way to align executive interests with shareholder value. This Form 4 filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Executive compensation packages vary across the utility industry.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize equity-based compensation, including restricted stock units and performance shares, to incentivize their executives.
• The specific mix of compensation components, such as phantom shares versus stock options, depends on the company's compensation philosophy and performance goals.

Stakeholder Impact

• The acquisition of phantom shares aligns the executive's interests with those of the shareholders, potentially incentivizing decisions that increase shareholder value.

Key Dates