Form 4: Sempra Executive Vice President Justin Christopher Bird Reports Acquisition of Phantom Shares

Executive Vice President Justin Christopher Bird reports acquiring 1,431.82 phantom shares of Sempra Common Stock under the company's deferred compensation plan.

Summary

• Justin Christopher Bird, an Executive Vice President at Sempra, filed a Form 4 on March 12, 2025, reporting a transaction.
• On March 11, 2025, Bird acquired 1,431.82 phantom shares of Sempra Common Stock through Sempra's deferred compensation plan.
• The price per phantom share was $69.84, with a total acquisition cost of $100,000.
• Following the transaction, Bird directly owns 19,528.42 derivative securities.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.
• The conversion rate for the derivative security is 1 for 1.
• The phantom shares are immediately exercisable and have no expiration date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative implications for the company's performance.

Positives

• The acquisition of phantom shares through the deferred compensation plan could be seen as a positive sign of executive alignment with the company's long-term performance.

Industry Context

Executive compensation through deferred compensation plans and phantom shares is a common practice in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages in many large corporations, including utilities like Sempra.
• Companies like NextEra Energy (NEE) and Duke Energy (DUK) also utilize similar compensation strategies to incentivize their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation practices.

Key Dates