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

Justin Christopher Bird, Executive Vice President of Sempra, acquired 1,445.89 phantom shares of Sempra Common Stock under the company's deferred compensation plan.

Summary

• On March 12, 2025, Justin Christopher Bird, an Executive Vice President at Sempra, acquired 1,445.89 phantom shares of Sempra Common Stock.
• The acquisition was made under Sempra's deferred compensation plan at a price of $69.08 per phantom share, resulting in a total acquisition cost of $99,876.
• These phantom shares are payable in cash and can be transferred by the reporting person into an alternative investment account.
• Following the reported transaction, Mr. Bird directly owns 20,974.31 shares.
• The date exercisable is immediate and the expiration date is not applicable.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. There's no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of phantom shares by an executive could be seen as a positive sign of 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. The acquisition of these shares is a routine part of executive compensation and is not necessarily indicative of any specific company event.

Comparison to Industry Standards

• Executive compensation packages vary widely across the utility industry.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize deferred compensation plans and equity-based awards as part of their executive compensation strategy.
• The specific terms and conditions of these plans, including the vesting schedules and payout mechanisms, can differ significantly.

Stakeholder Impact

• The acquisition of phantom shares has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.

Key Dates