Sempra (SRE) director Pablo Ferrero receives 128 phantom shares as compensation

Rhea-AI Filing Summary

Sempra director Pablo Ferrero received a grant of 128.320 phantom shares as director compensation on April 1, 2026. These phantom shares are tied to Sempra common stock on a 1-for-1 basis and are immediately exercisable for vested portions, with no stated expiration date.

Following this grant, Ferrero holds a total of 16,012.140 phantom shares directly. This award is a compensation-related, non-cash acquisition rather than an open-market purchase, and it tracks the value of Sempra common stock over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ferrero Pablo

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	128.32	$97.41	$12K

Holdings After Transaction: Phantom Shares — 16,012.14 shares (Direct)

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.

Key Figures

Phantom shares granted: 128.320 phantom shares Phantom shares after grant: 16,012.140 phantom shares Reference price per phantom share: $97.4100 per share +2 more

5 metrics

Phantom shares granted 128.320 phantom shares Director compensation grant on April 1, 2026

Phantom shares after grant 16,012.140 phantom shares Total phantom shares held directly by Pablo Ferrero after transaction

Reference price per phantom share $97.4100 per share Transaction price per phantom share reported for the grant

Conversion ratio 1-for-1 Each phantom share corresponds to one Sempra common share

Expiration Not Applicable Footnote states expiration date is not applicable for this award

Key Terms

Phantom Shares, Derivative Security, director compensation, Date exercisable, +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.

Derivative Security financial

"Conversion of Derivative Security is 1 for 1."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

director compensation financial

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

Date exercisable financial

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

Expiration date is Not Applicable financial

"Expiration date is Not Applicable."

Form 4 Insider Transactions: What Each Field Means →

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^*

Ferrero Pablo

(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)
04/01/2026

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)	04/01/2026		A		128.32		(3)	(4)	Common Stock	128.32	$97.41	16,012.14	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.

Remarks:

	PABLO A. FERRERO BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact	04/02/2026
	** 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 Pablo Ferrero report?

Sempra director Pablo Ferrero reported receiving 128.320 phantom shares as director compensation. The award is a non-cash grant tied to Sempra common stock value and reflects routine board compensation rather than an open-market share purchase or sale.

How many Sempra (SRE) phantom shares does Pablo Ferrero hold after this grant?

After this grant, Pablo Ferrero holds 16,012.140 phantom shares. This total reflects his accumulated director compensation in phantom shares, which are linked to Sempra common stock on a 1-for-1 basis according to the filing’s footnote disclosure.

What are phantom shares in the context of Sempra (SRE) director compensation?

Phantom shares are bookkeeping units that mirror Sempra common stock value without issuing actual shares immediately. For Ferrero, each phantom share corresponds 1-for-1 to common stock and forms part of his director compensation rather than a cash salary component.

Was Pablo Ferrero’s Sempra (SRE) phantom share grant an open-market purchase?

No, the phantom share grant was not an open-market purchase. The footnotes state the phantom shares were acquired as director compensation, making this a grant or award transaction instead of buying shares on the public market.

What is the conversion rate of Sempra (SRE) phantom shares to common stock for Pablo Ferrero?

The filing states that the conversion of the derivative security is 1-for-1, meaning each phantom share corresponds to one share of Sempra common stock. This direct linkage ties the value of the compensation award to the company’s common stock performance.

When can Sempra (SRE) director Pablo Ferrero exercise his phantom shares?

The filing notes that the date exercisable is immediate for shares that have vested. This means vested phantom shares are currently exercisable, while unvested amounts would become exercisable once vesting conditions are satisfied under Sempra’s director compensation arrangements.