Sempra (NYSE: SRE) director receives 1,498 phantom share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kirk Jennifer M reported acquisition or exercise transactions in this Form 4 filing.
Sempra director Jennifer M. Kirk received a grant of 1,498.77 phantom shares, each economically equivalent to one share of Sempra common stock. These phantom shares were awarded as compensation and increase her phantom share balance to 6,363.50, including 4,864.74 vested phantom shares previously accrued as deferred director compensation.
The newly granted phantom shares are subject to forfeiture if her board service ends for any reason other than death, disability, or removal without cause before Sempra’s 2027 Annual Shareholders Meeting. Vested phantom shares, plus reinvested dividend equivalents, are ultimately paid in cash after she leaves board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kirk Jennifer M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 1,498.77 | $0.00 | -- |
Holdings After Transaction:
Phantom Shares — 6,363.5 shares (Direct, null)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock. Shares are subject to forfeiture if service as a director terminates for any reason other than death, disability or removal without cause prior to Sempra's 2027 Annual Shareholders Meeting. Vested phantom shares plus reinvested dividend equivalents are paid to the director in cash following separation of service. Includes 4,864.74 vested phantom shares acquired as deferred compensation for service as a director, which are not subject to forfeiture. Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares.
Key Figures
Phantom shares granted: 1,498.77 phantom shares
Total phantom shares after grant: 6,363.50 phantom shares
Vested phantom shares: 4,864.74 phantom shares
+2 more
5 metrics
Phantom shares granted
1,498.77 phantom shares
Grant reported on Form 4 for director compensation
Total phantom shares after grant
6,363.50 phantom shares
Holdings following the reported transaction
Vested phantom shares
4,864.74 phantom shares
Vested, non-forfeitable phantom shares held as deferred compensation
Exercise/Conversion price
$0.00 per phantom share
Grant/award with no exercise price
Underlying security
1,498.77 common shares equivalent
Each phantom share equals one Sempra common share economically
Key Terms
Phantom Shares, dividend equivalents, deferred compensation, forfeiture
4 terms
dividend equivalents financial
"Vested phantom shares plus reinvested dividend equivalents are paid to the director in cash"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
deferred compensation financial
"Includes 4,864.74 vested phantom shares acquired as deferred compensation for service as a director"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
forfeiture financial
"Shares are subject to forfeiture if service as a director terminates"
FAQ
What did Sempra (SRE) director Jennifer M. Kirk report in this Form 4?
Jennifer M. Kirk reported a grant of 1,498.77 phantom shares, increasing her total phantom share holdings to 6,363.50. These awards are part of her compensation for serving as a director and track the value of Sempra common stock over time.