Director Kevin Sagara receives 128 phantom shares at Sempra (NYSE: SRE)

Rhea-AI Filing Summary

Sempra director Kevin C. Sagara received a grant of 128.3200 phantom shares of Sempra Common Stock as director compensation. These phantom shares are tied 1-for-1 to Sempra Common Stock, are immediately exercisable for vested amounts, have an exercise price of 0.0000, and have no stated expiration. Following this award, his phantom share balance is 3777.2900.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sagara Kevin C.

Role Director

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

Holdings After Transaction: Phantom Shares — 3,777.29 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: 128.3200 phantom shares Phantom share reference price: $97.4100 per share Total phantom shares after grant: 3777.2900 phantom shares +2 more

5 metrics

Phantom shares granted 128.3200 phantom shares Director compensation award on 2026-04-01

Phantom share reference price $97.4100 per share Reported transaction price per phantom share

Total phantom shares after grant 3777.2900 phantom shares Holdings following the reported transaction

Conversion ratio 1 for 1 Each phantom share linked to one Common Stock share

Exercise price $0.0000 Conversion or exercise price of phantom shares

Key Terms

Phantom Shares, director compensation, Derivative Security, vested

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.

director compensation financial

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

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.

vested financial

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

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^*

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)

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	3,777.29	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:

	KEVIN C. SAGARA 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) report for Kevin C. Sagara?

Sempra reported that director Kevin C. Sagara received 128.3200 phantom shares as director compensation. These are derivative awards linked 1-for-1 to Sempra Common Stock, increasing his total phantom share balance to 3777.2900 after the transaction.

What are phantom shares in the Sempra (SRE) Form 4 filing?

In this filing, phantom shares are compensation units tied 1-for-1 to Sempra Common Stock. They track the value of the underlying shares, are immediately exercisable for vested amounts, and have no stated expiration date according to the disclosure and footnotes.

Was the Sempra (SRE) Form 4 a stock purchase or a grant?

The Form 4 reflects a grant, not an open-market purchase. Kevin C. Sagara acquired 128.3200 phantom shares through a director compensation award, classified under transaction code A, which denotes a grant, award, or other acquisition of derivative securities.

How many phantom shares does Kevin C. Sagara hold after this SRE transaction?

After the reported award, Kevin C. Sagara holds a total of 3777.2900 phantom shares. This figure represents his derivative compensation balance following the 128.3200 phantom share grant disclosed in the Form 4 filing for Sempra.

What is the conversion ratio for Sempra phantom shares in this Form 4?

The footnotes state that the conversion of the derivative security is 1 for 1. This means each phantom share corresponds to one share of Sempra Common Stock for value tracking purposes, aligning the phantom award directly with the underlying stock.

When can the Sempra (SRE) phantom shares granted to Kevin C. Sagara be exercised?

The filing notes that the date exercisable is immediate for shares that have vested. This indicates that vested portions of Kevin C. Sagara’s 128.3200 phantom share award can be exercised right away, with no separate waiting period disclosed.