Form 4: Sempra Executive Sells Shares for Tax Obligations
Insider Transaction Report
Sempra's SVP of Corporate Affairs and HR, Lisa Larroque Alexander, disposed of 10.06 shares of common stock to cover tax withholding obligations.
Summary
- Lisa Larroque Alexander, Senior Vice President of Corporate Affairs and Human Resources at Sempra (SRE), reported a transaction involving company common stock.
- On January 15, 2026, Alexander disposed of 10.06 shares of Sempra common stock.
- The disposition was made at a price of $91.77 per share.
- This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Alexander beneficially owns 15,676.88 shares of Sempra common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan to buy or sell company stock.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary disposition of shares for tax purposes by an executive. This type of transaction is neutral and does not typically reflect a change in management's confidence or the company's prospects.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It reflects an executive's disposition of shares, typically to cover tax obligations arising from equity compensation, and is often pre-scheduled under a Rule 10b5-1 plan to avoid accusations of trading on material non-public information.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged trading schedule designed to comply with insider trading regulations. | 01/15/2026 | This demonstrates adherence to corporate governance best practices by mitigating potential concerns about insider trading, as the transaction was not discretionary at the time of sale. |
Stakeholder Impact
- Shareholders: Minimal to no direct impact on share price or company valuation, as this is a small, routine transaction for tax purposes.
- Employees: No direct impact on employees is indicated by this filing.
- Management: The transaction is a standard part of executive compensation and tax planning, reflecting no change in management's role or responsibilities.
Key Dates
| Date | Description |
|---|---|
| 01/15/2026 | Date of transaction where 10.06 shares were disposed of for tax withholding. |
| 01/16/2026 | Date the Form 4 filing was signed and submitted. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary sale of a small number of shares by an executive to cover tax obligations, executed under a pre-arranged 10b5-1 plan. Such transactions are common and do not typically signal any change in the company's fundamental outlook or the executive's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance remains appropriate based solely on this filing.
Keywords
Sempra, SRE, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Executive Compensation, Corporate Governance, Rule 10b5-1
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