Form 4: Sempra Executive VP Karen Sedgwick Reports Acquisition of Phantom Shares

Executive VP and CFO of Sempra, Karen L. Sedgwick, reports the acquisition of phantom shares under the company's deferred compensation plan.

Summary

• Karen L. Sedgwick, Executive VP and CFO of Sempra, filed a Form 4 on March 14, 2025.
• The report details the acquisition of 1,448.48 phantom shares of Sempra Common Stock on March 13, 2025, under Sempra's deferred compensation plan.
• The price per phantom share was $69.04, with a total acquisition cost of $100,000.
• Following the transaction, Sedgwick directly owns 9,221.95 derivative securities.
• The phantom shares are payable in cash and can be transferred into an alternative investment account.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects 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 indicates continued participation in Sempra's deferred compensation plan by a key executive.
• The deferred compensation plan allows executives to invest in the company's future.

Industry Context

Executive compensation packages often include deferred compensation plans and phantom stock awards to align executive interests with shareholder value and long-term company performance. This filing reflects a standard practice in publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in the energy sector, similar to companies like NextEra Energy and Duke Energy.
• Phantom stock awards are used to incentivize executives based on company performance, aligning their interests with shareholders, a practice seen across various industries.

Stakeholder Impact

• The acquisition of phantom shares aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates