Sempra (SRE) director James C. Yardley receives phantom share grant as compensation

Rhea-AI Filing Summary

Sempra director James C. Yardley received a grant of phantom shares as part of his director compensation. He acquired 136.81 phantom shares of Sempra common stock at a reference price of $91.37 per share, increasing his directly held phantom share balance to 42,985.98.

The phantom shares are tied 1-for-1 to Sempra common stock and become exercisable immediately once vested, with no stated expiration date. The total includes 1,498.77 unvested restricted phantom shares that may be forfeited if his board service ends before vesting under certain conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider YARDLEY JAMES C

Role null

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

Holdings After Transaction: Phantom Shares — 42,985.98 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: 136.81 shares Reference price per phantom share: $91.37/share Total phantom shares after grant: 42,985.98 shares +2 more

5 metrics

Phantom shares granted 136.81 shares Director compensation grant on 2026-07-01

Reference price per phantom share $91.37/share Grant valuation for phantom shares

Total phantom shares after grant 42,985.98 shares Direct phantom share holdings following transaction

Unvested restricted phantom shares 1,498.77 shares Subject to forfeiture if director service ends before vesting

Conversion ratio 1-for-1 Each phantom share converts into one Sempra common share

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 - 04:18 PM Accepted by SEC EDGAR 07/02/2026 - 04:16 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)
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	42,985.98(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:

	JAMES C. YARDLEY 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 did Sempra (SRE) director James C. Yardley report in this Form 4?

James C. Yardley reported receiving 136.81 phantom shares of Sempra common stock as director compensation. This award increased his directly held phantom share balance to 42,985.98, reflecting a routine, compensation-related equity grant rather than an open-market stock purchase or sale.

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

After the latest grant, James C. Yardley holds 42,985.98 phantom shares tied to Sempra common stock. This total includes 1,498.77 unvested restricted phantom shares that remain subject to forfeiture if his service as a director ends before they vest under specified conditions.

What are the key terms of James C. Yardley’s phantom share grant at Sempra (SRE)?

The grant covers 136.81 phantom shares at a reference price of $91.37 per share. Each phantom share converts into one share of Sempra common stock, becomes exercisable immediately once vested, and has no applicable expiration date according to the reported footnotes in the filing.

How do the phantom shares granted to James C. Yardley relate to Sempra (SRE) common stock?

The phantom shares are linked 1-for-1 to Sempra common stock, meaning each phantom share represents one underlying common share. They provide equity-based compensation aligned with Sempra’s stock performance without an immediate issuance of common shares at the time of the grant.

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

Yes. The reported total of 42,985.98 phantom shares includes 1,498.77 unvested restricted phantom shares. These unvested units can be forfeited if his service as a director ends before vesting for reasons other than death, disability, or removal without cause.