Form 4: Sempra Executive Transfers Stock and Phantom Shares in 401(k) and Deferred Compensation Plans

Trevor I. Mihalik, an EVP at Sempra, transferred his holdings of common stock and phantom shares from the company's 401(k) and deferred compensation plans into alternative investment accounts.

Summary

• Trevor I. Mihalik, an Executive Vice President at Sempra, has filed a Form 4 detailing changes in his beneficial ownership of company securities.
• Mr. Mihalik transferred 8,793.9 shares of Sempra common stock held in his 401(k) savings plan to an alternative investment account.
• Additionally, he transferred 58,531.98 phantom shares of Sempra common stock from his deferred compensation plan to an alternative investment account.
• The common stock transfer was executed at a price of $93.2 per share.
• The phantom share transfer was executed at a price of $92.18 per share.
• These transactions were made as permitted by the respective plans.

Sentiment

Score: 5

Explanation: The document is a routine filing of an executive's stock and phantom share transfers, indicating a neutral sentiment.

Industry Context

This is a routine filing related to executive compensation and does not indicate any broader industry trends.

Comparison to Industry Standards

• Executive stock and phantom share transfers are common practice in publicly traded companies as part of compensation and retirement planning.
• The transfer of assets from 401k and deferred compensation plans to alternative investment accounts is a standard option for employees.

Stakeholder Impact

• The transactions have no direct impact on shareholders, employees, customers, suppliers, or creditors as they are internal transfers within the executive's accounts.

Key Dates

Keywords

Sempra, Form 4, stock transfer, phantom shares, 401k, deferred compensation, executive, insider trading