Sempra (NYSE: SRE) CEO makes $200,000 phantom share allocation
Rhea-AI Filing Summary
Sempra chairman, CEO and president Jeffrey W. Martin reported a discretionary derivative transaction involving phantom shares tied to the company’s common stock. He acquired 2,098.24 phantom shares under Sempra’s deferred compensation plan at $95.32 per phantom share, for a total acquisition cost of $200,000. Phantom shares are payable in cash and are convertible into common stock on a 1-for-1 basis, with immediate exercisability and no stated expiration. Following this transaction, Martin holds 212,992.39 phantom shares, reflecting deferred, cash-settled compensation rather than an open-market stock trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martin Jeffrey W
Role
Chairman, CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Phantom Shares | 2,098.24 | $95.32 | $200K |
Holdings After Transaction:
Phantom Shares — 212,992.39 shares (Direct)
Footnotes (4)
- F1. 2,098.24 phantom shares of Sempra Common Stock acquired under Sempra's deferred compensation plan at a price of $95.32 per phantom share with a total acquisition cost of $200,000. Phantom shares are payable in cash and may be transferred by the reporting person into an alternative investment account.
- F2. Conversion of Derivative Security is 1 for 1.
- F3. Date exercisable is Immediate.
- F4. Expiration date is Not Applicable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sempra (SRE) report for CEO Jeffrey W. Martin?
Sempra CEO Jeffrey W. Martin reported a discretionary derivative transaction involving 2,098.24 phantom shares. These were acquired under the company’s deferred compensation plan at $95.32 per phantom share, representing $200,000 in deferred, cash-settled compensation rather than a market stock purchase.