Form 4: Sempra Executive Vice President Trevor Mihalik Reports Stock Transactions
SEC Form 4 Filing
Sempra Executive Vice President Trevor Mihalik exercised stock options and sold shares, according to a recent SEC filing.
Summary
- Trevor Mihalik, an Executive Vice President at Sempra, engaged in multiple transactions involving Sempra common stock.
- On November 19, 2024, Mihalik exercised employee stock options to acquire 31,024 shares at $53.38, 31,884 shares at $74.56, and 81,036 shares at $61.90.
- Also on November 19, 2024, Mihalik disposed of 120,231 shares at $93.38.
- On November 20, 2024, Mihalik sold 23,713 shares at a weighted average price of $93.09, with individual prices ranging from $92.835 to $93.39.
- Following these transactions, Mihalik directly owns 34,903.09 shares and indirectly owns 8,793.9 shares through a 401(k) savings plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a standard regulatory filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Sempra.
- Companies such as NextEra Energy (NEE) and Southern Company (SO) also have executives who regularly report stock transactions via SEC Form 4 filings.
- The timing and volume of these transactions can vary based on individual executive compensation plans and personal financial strategies.
- The exercise of stock options and subsequent sale of shares is a typical pattern for executives who receive equity-based compensation.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The filing provides transparency to stakeholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 01/02/2019 | Date of grant for 31,024 employee stock options. |
| 01/02/2020 | Date of grant for 31,884 employee stock options. |
| 01/04/2021 | Date of grant for 81,036 employee stock options. |
| 08/14/2023 | Record date for the two-for-one stock split. |
| 08/21/2023 | Distribution date of the two-for-one stock split. |
| 11/18/2024 | Date of indirect ownership of 8,793.9 shares through 401(k) savings plan. |
| 11/19/2024 | Date of stock option exercises and sale of 120,231 shares. |
| 11/20/2024 | Date of sale of 23,713 shares. |
Keywords
Sempra, Stock Options, SEC Form 4, Insider Trading, Executive Compensation, Stock Sale, Trevor Mihalik
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