Sempra (NYSE: SRE) director granted 128 phantom shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Jack T reported acquisition or exercise transactions in this Form 4 filing.
Sempra director Jack T. Taylor received a grant of 128.32 phantom shares as director compensation. The award is based on a reference price of $97.41 per phantom share and is convertible into an equal number of Sempra common shares on a 1-for-1 basis. Vested phantom shares are immediately exercisable, and there is no stated expiration date. Following this grant, Taylor holds a total of 41,653.10 phantom shares, including 1,906.10 unvested restricted phantom shares that may be forfeited if his board service ends before vesting under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Jack T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 128.32 | $97.41 | $12K |
Holdings After Transaction:
Phantom Shares — 41,653.1 shares (Direct)
Footnotes (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 1,906.10 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: 128.32 shares
Reference price per phantom share: $97.41 per share
Total phantom shares after grant: 41,653.10 shares
+2 more
5 metrics
Phantom shares granted
128.32 shares
Grant of phantom shares as director compensation on 2026-04-01
Reference price per phantom share
$97.41 per share
Value used for the 128.32 phantom share award
Total phantom shares after grant
41,653.10 shares
Director’s total phantom share holdings following the transaction
Unvested restricted phantom shares
1,906.10 shares
Unvested units subject to forfeiture if 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, forfeiture, Derivative Security, +1 more
5 terms
forfeiture financial
"subject to forfeiture if service as a director terminates prior to vesting"
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."
FAQ
What insider transaction did Sempra (SRE) report for Jack T. Taylor?
Sempra reported that director Jack T. Taylor received 128.32 phantom shares as director compensation. These phantom shares track Sempra common stock value and are convertible into the same number of common shares on a 1-for-1 basis, reflecting stock-based compensation rather than a market purchase.
Does this Sempra (SRE) Form 4 show a market buy or sell by Jack T. Taylor?
No, the Form 4 shows a grant or award acquisition of phantom shares as director compensation, coded as an "A" transaction. It does not report an open-market purchase or sale, but rather stock-based compensation linked to Sempra’s common stock performance.