Director at Sempra (NYSE: SRE) receives new phantom share award

Rhea-AI Filing Summary

WARNER CYNTHIA J reported acquisition or exercise transactions in this Form 4 filing.

Sempra director Cynthia J. Warner received a grant of 297.7100 phantom shares on April 1, 2026 as director compensation. These phantom shares are tied to Sempra common stock on a 1-for-1 basis and become immediately exercisable once vested, with no expiration date.

After this award, Warner holds a total of 13,528.3000 phantom shares, including 1,906.10 unvested restricted phantom shares that may be forfeited if her board service ends before vesting except in cases of death, disability, or removal without cause.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WARNER CYNTHIA J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	297.71	$97.41	$29K

Holdings After Transaction: Phantom Shares — 13,528.3 shares (Direct)

Footnotes (1)

1. Phantom shares of Sempra Common Stock acquired as director compensation. Conversion of Derivative Security is 1 for 1. Date exercisable is immediate for shares that have vested. Expiration date is Not Applicable. Total includes 1,906.10 unvested restricted phantom shares that are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability or removal without cause.

Key Figures

Phantom shares granted: 297.7100 phantom shares Grant valuation price: $97.4100 per share Total phantom shares after grant: 13,528.3000 phantom shares +1 more

4 metrics

Phantom shares granted 297.7100 phantom shares Director compensation grant on April 1, 2026

Grant valuation price $97.4100 per share Reported price per phantom share on grant date

Total phantom shares after grant 13,528.3000 phantom shares Holdings following the April 1, 2026 award

Unvested restricted phantom shares 1,906.10 phantom shares Subject to forfeiture if director service terminates before vesting

Key Terms

Phantom shares, Conversion of Derivative Security, restricted phantom shares, director compensation

4 terms

Phantom shares financial

"Phantom shares of Sempra Common Stock acquired as director compensation."

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

Conversion of Derivative Security financial

"Conversion of Derivative Security is 1 for 1."

restricted phantom shares financial

"Total includes 1,906.10 unvested restricted phantom shares that are subject to forfeiture"

director compensation financial

"Phantom shares of Sempra Common Stock acquired as director compensation."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WARNER CYNTHIA J

(Last) (First) (Middle)

488 8TH AVENUE

(Street)

SAN DIEGO CALIFORNIA 92101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SEMPRA [ SRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares(1)	(2)	04/01/2026		A		297.71		(3)	(4)	Common Stock	297.71	$97.41	13,528.3(5)	D

Explanation of Responses:

1. Phantom shares of Sempra Common Stock acquired as director compensation.

2. Conversion of Derivative Security is 1 for 1.

3. Date exercisable is immediate for shares that have vested.

4. Expiration date is Not Applicable.

5. Total includes 1,906.10 unvested restricted phantom shares that are subject to forfeiture if service as a director terminates prior to vesting for any reason other than death, disability or removal without cause.

Remarks:

	CYNTHIA J. WARNER BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Sempra (SRE) director Cynthia J. Warner report?

Cynthia J. Warner reported receiving 297.7100 phantom shares as director compensation. The award, dated April 1, 2026, represents a grant of derivative-based units linked 1-for-1 to Sempra common stock rather than a cash payment or open-market share purchase.

How many Sempra (SRE) phantom shares does Cynthia J. Warner hold after this grant?

Following the April 1, 2026 grant, Cynthia J. Warner holds 13,528.3000 phantom shares. This total includes both vested and unvested units and reflects her accumulated director compensation awards in phantom share form tied to Sempra common stock.

What are the key terms of Cynthia J. Warner’s Sempra phantom share award?

The phantom shares convert into Sempra common stock on a 1-for-1 basis, with immediate exercisability for vested shares. There is no expiration date, and the award was valued for reporting purposes at $97.4100 per phantom share on the transaction date.

How many of Cynthia J. Warner’s Sempra phantom shares are unvested and at risk of forfeiture?

Her total includes 1,906.10 unvested restricted phantom shares that are subject to forfeiture. These may be lost if her service as a director ends before vesting, except in cases of death, disability, or removal without cause under the plan’s terms.

Is Cynthia J. Warner’s Form 4 transaction in Sempra (SRE) a market buy or a compensation grant?

The filing shows a compensation grant, not a market buy. The 297.7100 phantom shares were acquired under transaction code A as a grant or award for director service, with no open-market purchase or sale of Sempra common stock reported.