Sempra (NYSE: SRE) director receives 317 phantom shares as compensation

Rhea-AI Filing Summary

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

Sempra director Cynthia J. Warner reported receiving 317.39 phantom shares of Sempra common stock as director compensation. These phantom shares are tied 1-for-1 to Sempra common stock value, using a reference price of $91.37 per share. Following this grant, she holds 15,435.31 phantom shares, including 1,498.77 unvested restricted phantom shares that may be forfeited if her board service ends before vesting for reasons other than death, disability or removal without cause. This filing reflects a compensation-related award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WARNER CYNTHIA J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	317.39	$91.37	$29K

Holdings After Transaction: Phantom Shares — 15,435.31 shares (Direct, null)

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 1,498.77 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: 317.39 phantom shares Reference price per phantom share: $91.37 per share Total phantom shares after grant: 15,435.31 phantom shares +1 more

4 metrics

Phantom shares granted 317.39 phantom shares Director compensation grant on 2026-07-01

Reference price per phantom share $91.37 per share Value used for the 317.39 phantom share award

Total phantom shares after grant 15,435.31 phantom shares Holdings following the reported transaction

Unvested restricted phantom shares 1,498.77 phantom shares Unvested units subject to forfeiture if service ends

Key Terms

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

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.

restricted phantom shares financial

"Total includes 1,498.77 unvested restricted phantom shares that are subject to forfeiture"

director compensation financial

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

Conversion of Derivative Security financial

"Conversion of Derivative Security is 1 for 1."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:15 PM Accepted by SEC EDGAR 07/02/2026 - 04:14 PM Learn about SEC filing dates

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)
07/01/2026

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)	07/01/2026		A		317.39		(3)	(4)	Common Stock	317.39	$91.37	15,435.31(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 1,498.77 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	07/02/2026
	** 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 317.39 phantom shares as director compensation. These derivative units track Sempra common stock value on a one-for-one basis and increase her total phantom share holdings while not representing an open-market stock purchase or sale.

How many phantom shares does Cynthia J. Warner now hold at Sempra (SRE)?

After the latest grant, Cynthia J. Warner holds 15,435.31 phantom shares. This total includes both vested and unvested units and reflects her accumulated director compensation that is tied economically to Sempra common stock performance on a one-for-one conversion basis.

What are the terms of Cynthia J. Warner’s unvested phantom shares at Sempra (SRE)?

Her total holdings include 1,498.77 unvested restricted phantom shares. These unvested units are subject to forfeiture if her service as a director ends before vesting for any reason other than death, disability, or removal without cause, adding clear service-based conditions.

Is Cynthia J. Warner’s Form 4 transaction a stock purchase or sale of Sempra (SRE) shares?

The Form 4 reports a grant of phantom shares as compensation, not a market trade. The transaction is coded as an acquisition of derivative securities and does not involve buying or selling Sempra common stock in the open market for cash consideration.

How are Sempra (SRE) phantom shares linked to common stock for Cynthia J. Warner?

The phantom shares convert into Sempra common stock on a one-for-one basis. Footnotes specify a 1-for-1 conversion ratio, meaning each phantom share represents the economic equivalent of one share of common stock, typically settled according to the company’s plan terms.

What price reference applies to Cynthia J. Warner’s new Sempra (SRE) phantom share grant?

The 317.39 phantom shares were valued using a reference price of $91.37 per share. This price reflects the value used to determine the size of the compensation award, rather than an executed market trade price for buying or selling common stock.