[Form 4] SEMPRA Insider Trading Activity
Rhea-AI Filing Summary
Jennifer M. Kirk, a director of Sempra (SRE), reported receipt of 140.04 phantom shares of Sempra common stock as director compensation on 10/01/2025. The phantom shares convert 1-for-1 into common stock and are exercisable immediately for vested shares. Following the reported transaction, Ms. Kirk beneficially owns 4,501.46 shares in total, which includes 1,879.66 unvested restricted phantom shares that may be forfeited if her service as a director ends before vesting except for death, disability, or removal without cause.
Positive
- 140.04 phantom shares granted as director compensation on 10/01/2025
- Phantom shares convert 1-for-1 into common stock and vested shares are exercisable immediately
- Post-transaction beneficial ownership of 4,501.46 shares disclosed
Negative
- None.
Insights
Director compensation awarded as phantom shares aligns pay with shareholder value.
The report shows a director grant of 140.04 phantom shares on 10/01/2025, converting 1-for-1 into common stock. Such grants are a common mechanism to align a director's economic interest with shareholders without immediate stock issuance.
The filing also discloses 1,879.66 unvested restricted phantom shares within the total 4,501.46 beneficially owned, indicating a portion of the director's ownership remains subject to service-based vesting conditions.
Form 4 properly discloses a compensatory derivative grant and resulting beneficial ownership.
The Form 4 lists the transaction date, transaction code A (acquisition), the number acquired (140.04 phantom shares), and the post-transaction beneficial ownership (4,501.46 shares). It includes the required vesting/forfeiture detail for 1,879.66 restricted phantom shares and an executed signature by an attorney-in-fact dated 10/02/2025.