Form 4: Sempra Executive VP Karen Sedgwick Sells Shares Under 10b5-1 Plan

Karen L. Sedgwick, Executive VP and CFO of Sempra, sold shares of common stock on March 7 and 8, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Karen L. Sedgwick, an Executive VP and CFO at Sempra, reported the sale of Sempra common stock.
• The transactions occurred on March 7 and March 8, 2024.
• The sales were executed under a pre-arranged trading plan pursuant to Rule 10b5-1(c).
• On March 7, 5,158 shares were sold at a weighted average price of $71.21.
• On March 8, 3,624 shares were sold at a weighted average price of $70.59.
• Following these transactions, Sedgwick directly owns 39,400.37 shares and indirectly owns 145.13 shares through a 401(k) savings plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock sales under a pre-arranged plan, which is a common practice.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates