Sempra director granted 1,498 phantom shares

YARDLEY JAMES C reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

YARDLEY JAMES C reported acquisition or exercise transactions in this Form 4 filing.

Sempra director James C. Yardley received a grant of 1,498.77 phantom shares, each economically equivalent to one share of Sempra common stock. After this award, he holds a total of 42,849.17 phantom shares, including a large balance previously vested as deferred director compensation.

The newly granted phantom shares are subject to forfeiture if his board service ends before Sempra's 2027 annual shareholders meeting, except in cases of death, disability, or removal without cause. Vested phantom shares and related dividend equivalents are ultimately settled in cash after he leaves board service.

Insider Trade Summary

Grant/Award: 1,498.77 shares

Grant/Award 1 txn

Insider YARDLEY JAMES C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	1,498.77	$0.00	$0.00

Holdings After Transaction: Phantom Shares — 42,849.17 contracts (Direct)

Footnotes (3)

1. F1. Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock.
2. F2. 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.
3. F3. Includes 41,350.40 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: 42,849.17 phantom shares Vested phantom shares: 41,350.40 phantom shares +2 more

5 metrics

Phantom shares granted 1,498.77 phantom shares Grant on 2026-05-12 as director compensation

Total phantom shares after grant 42,849.17 phantom shares Holdings following reported transaction

Vested phantom shares 41,350.40 phantom shares Vested, not subject to forfeiture, held as deferred compensation

Transaction price per share $0.0000 per phantom share Compensation grant, not open-market purchase

Underlying security 1,498.77 common stock equivalents Each phantom share equals one Sempra common share economically

Key Terms

Phantom Shares, deferred compensation, dividend equivalents, forfeiture

4 terms

Phantom Shares financial

"Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock."

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.

deferred compensation financial

"Includes 41,350.40 vested phantom shares acquired as deferred compensation for service as a director, which are not subject to forfeiture."

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.

dividend equivalents financial

"Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares."

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.

forfeiture financial

"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."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sempra (SRE) director James C. Yardley report on this Form 4?

James C. Yardley reported receiving 1,498.77 phantom shares tied to Sempra common stock. These are a compensation-related award, increasing his total phantom share balance to 42,849.17 as part of his service as a director.

What are the key terms of the new phantom share award for Sempra (SRE)?

The 1,498.77 phantom shares are the economic equivalent of Sempra common stock. They may be forfeited if Yardley’s director service ends before the 2027 annual shareholders meeting, except for death, disability, or removal without cause under the plan’s terms.

How many phantom shares does James C. Yardley now hold at Sempra (SRE)?

Following this award, Yardley holds 42,849.17 phantom shares in total. This total includes 41,350.40 vested phantom shares previously acquired as deferred compensation, plus additional shares accrued as dividend equivalents since the last phantom share report.

How and when are Sempra (SRE) phantom shares paid to the director?

Vested phantom shares, together with reinvested dividend equivalents, are paid in cash after Yardley separates from board service. Until then, they function as bookkeeping entries that track the value of Sempra common stock for director compensation purposes.

Are all of James C. Yardley’s Sempra (SRE) phantom shares subject to forfeiture?

No. The filing states 41,350.40 phantom shares are vested and not subject to forfeiture. Only the newly awarded and unvested phantom shares can be forfeited if his service ends before Sempra’s 2027 annual shareholders meeting, except in specified circumstances.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 07:43 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^*

YARDLEY JAMES C

(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)
05/12/2026

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)	05/12/2026		A		1,498.77		(2)	(2)	Common Stock	1,498.77	$0	42,849.17(3)	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock.

2. 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.

3. Includes 41,350.40 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.

Remarks:

	JAMES C. YARDLEY BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact	05/13/2026
	** 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)