Form 4: Sempra Executive Diana L. Day Sells Shares Under 10b5-1 Plan

Diana L. Day, Chief Legal Counsel of Sempra, sold shares of common stock on March 7 and 8, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Diana L. Day, Chief Legal Counsel at Sempra, reported the sale of Sempra common stock on March 7 and March 8, 2024.
• The sales were executed under a pre-arranged trading plan (Rule 10b5-1(c)).
• On March 7, 3,937 shares were sold at a weighted average price of $71.21, with prices ranging from $70.81 to $71.63.
• On March 8, 3,406 shares were sold at a weighted average price of $70.62, with prices ranging from $70.23 to $70.93.
• Following these transactions, Ms. Day directly owns 18,145.26 shares and indirectly owns 418.61 shares through a 401(k) Savings Plan as of March 6, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any recent material non-public information.

Stakeholder Impact

• The stock sales by a high-ranking executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates