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Sempra (SRE) director Sagara granted 1,498.7700 phantom shares as deferred pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sagara Kevin C. reported acquisition or exercise transactions in this Form 4 filing.

Sempra director Kevin C. Sagara received a grant of 1,498.7700 phantom shares, each economically equivalent to one share of Sempra common stock. This award increased his phantom share balance to 5,301.1200 shares held directly.

The new phantom shares are subject to forfeiture if his board service ends for reasons other than death, disability, or removal without cause before Sempra's 2027 Annual Shareholders Meeting. Footnotes state the total includes 2,867.6 vested phantom shares earned as deferred director compensation and 934.75 vested phantom shares from a deferred compensation plan during his prior employment, plus accrued dividend equivalents. Vested phantom shares and reinvested dividend equivalents are settled in cash after separation from service.

Positive

  • None.

Negative

  • None.
Insider Sagara Kevin C.
Role null
Type Security Shares Price Value
Grant/Award Phantom Shares 1,498.77 $0.00 --
Holdings After Transaction: Phantom Shares — 5,301.12 shares (Direct, null)
Footnotes (1)
  1. Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock. Shares are subject to forfeiture if service as a director terminates for any reason other than death, disability or removal without cause prior to Sempra's 2027 Annual Shareholders Meeting. Vested phantom shares plus reinvested dividend equivalents are paid to the director in cash following separation of service. Includes 2,867.6 vested phantom shares acquired as deferred compensation for service as a director and 934.75 vested phantom shares acquired under Sempra's deferred compensation plan during Mr. Sagara's service as a Sempra employee, none of which are subject to forfeiture. Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares.
Phantom shares granted 1,498.7700 phantom shares Grant to director Kevin C. Sagara on 2026-05-12
Total phantom shares after grant 5,301.1200 phantom shares Holdings following transaction, held directly
Vested phantom shares (director deferred comp) 2,867.6 phantom shares Vested, acquired as deferred compensation for director service
Vested phantom shares (employee plan) 934.75 phantom shares Vested, acquired under deferred compensation plan as employee
Phantom Shares financial
"Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock."
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.
deferred compensation financial
"Includes 2,867.6 vested phantom shares acquired as deferred compensation for service as a director"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
dividend equivalents financial
"Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Annual Shareholders Meeting financial
"prior to Sempra's 2027 Annual Shareholders Meeting."
An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Sagara Kevin 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Shares(1)05/12/2026A1,498.77 (2) (2)Common Stock1,498.77$05,301.12(3)D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock.
2. Shares are subject to forfeiture if service as a director terminates for any reason other than death, disability or removal without cause prior to Sempra's 2027 Annual Shareholders Meeting. Vested phantom shares plus reinvested dividend equivalents are paid to the director in cash following separation of service.
3. Includes 2,867.6 vested phantom shares acquired as deferred compensation for service as a director and 934.75 vested phantom shares acquired under Sempra's deferred compensation plan during Mr. Sagara's service as a Sempra employee, none of which are subject to forfeiture. Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares.
Remarks:
KEVIN C. SAGARA BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact05/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sempra (SRE) report for Kevin C. Sagara?

Sempra reported that director Kevin C. Sagara received 1,498.7700 phantom shares as a grant. These derivative awards are tied to Sempra common stock value and increase his total phantom share holdings to 5,301.1200, according to the Form 4 footnotes.

What are phantom shares in the Sempra (SRE) Form 4 for Kevin C. Sagara?

In this filing, each phantom share is the economic equivalent of one Sempra common share. They track the stock’s value but are paid in cash after separation from service, including any reinvested dividend equivalents, rather than delivered as actual stock.

Are Kevin C. Sagara’s new Sempra (SRE) phantom shares subject to forfeiture?

Yes. The grant is forfeitable if his service as a director ends before Sempra’s 2027 Annual Shareholders Meeting, except in cases of death, disability, or removal without cause. This forfeiture condition applies only to the newly granted phantom shares.

How many Sempra (SRE) phantom shares does Kevin C. Sagara hold after this grant?

After the grant, he holds a total of 5,301.1200 phantom shares. This total includes the 1,498.7700 new shares, 2,867.6 vested phantom shares from deferred director compensation, 934.75 vested phantom shares from a deferred compensation plan, and accrued dividend equivalents.

How and when are Sempra (SRE) phantom shares paid to Kevin C. Sagara?

Vested phantom shares and related dividend equivalents are paid in cash following his separation from service. The filing specifies that these awards mirror the value of Sempra common stock and accumulate dividend equivalents until payment occurs after he leaves service.