Director at Sempra (NYSE: SRE) receives 136.81 phantom share award

Rhea-AI Filing Summary

Sempra director Michael N. Mears received an award of 136.81 phantom shares of Sempra common stock as director compensation. These phantom shares convert into common stock on a 1-for-1 basis, are immediately exercisable once vested, and have no expiration date. Following this grant, his phantom share balance is 22,565.86, including 1,498.77 unvested restricted phantom shares that may be forfeited if his board service ends under certain conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MEARS MICHAEL N

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	136.81	$91.37	$13K

Holdings After Transaction: Phantom Shares — 22,565.86 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 share grant: 136.81 phantom shares Reference price per share: $91.37 per share Total phantom shares after award: 22,565.86 phantom shares +2 more

5 metrics

Phantom share grant 136.81 phantom shares Director compensation award on 2026-07-01

Reference price per share $91.37 per share Reported price for phantom share award

Total phantom shares after award 22,565.86 phantom shares Holdings following transaction

Unvested restricted phantom shares 1,498.77 phantom shares Unvested and subject to forfeiture under certain conditions

Conversion ratio 1 for 1 Phantom shares to Sempra common stock

Key Terms

Phantom Shares, restricted phantom shares, director compensation, Conversion of Derivative Security, +1 more

5 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."

vested financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:12 PM Accepted by SEC EDGAR 07/02/2026 - 04:11 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^*

MEARS MICHAEL N

(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		136.81		(3)	(4)	Common Stock	136.81	$91.37	22,565.86(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:

	MICHAEL N. MEARS 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) report for Michael N. Mears?

Sempra reported that director Michael N. Mears received 136.81 phantom shares as director compensation. These are derivative awards tied to Sempra common stock and increase his total phantom share holdings to 22,565.86 after the transaction.

What are phantom shares in Sempra’s Form 4 for Michael N. Mears?

In this filing, phantom shares are compensation units whose value tracks Sempra common stock on a 1-for-1 basis. They function as a deferred equity-based award rather than a cash salary component for the company’s director, Michael N. Mears.

How many Sempra phantom shares does Michael N. Mears hold after this award?

After receiving 136.81 phantom shares, Michael N. Mears holds 22,565.86 phantom shares in total. This figure includes both vested and unvested restricted phantom shares reported as part of his director compensation package.

Are any of Michael N. Mears’s Sempra phantom shares unvested or at risk of forfeiture?

Yes. The total phantom share balance includes 1,498.77 unvested restricted phantom shares. These may be forfeited if his service as a director ends before vesting, except in cases of death, disability, or removal without cause.

Does the Sempra Form 4 show a stock market purchase or sale by Michael N. Mears?

No. The Form 4 reports a grant of 136.81 phantom shares classified as a compensation award. It is not an open-market purchase or sale of Sempra common stock, but a non-cash equity-based compensation grant for board service.