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

Rhea-AI Filing Summary

MEARS MICHAEL N reported acquisition or exercise transactions in this Form 4 filing.

Sempra director Michael N. Mears received a grant of 128.3200 phantom shares of Sempra common stock as director compensation on April 1, 2026. The grant price was $97.4100 per phantom share.

The phantom shares are a derivative security convertible into common stock on a 1-for-1 basis and are immediately exercisable for vested shares with no expiration date. Following this award, Mears holds a total of 20,788.4200 phantom shares, including 1,906.10 unvested restricted phantom shares that may be forfeited if his service as a director ends under certain conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MEARS MICHAEL N

Role Director

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

Holdings After Transaction: Phantom Shares — 20,788.42 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. 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: 128.3200 phantom shares Grant price per phantom share: $97.4100 per share Total phantom shares after grant: 20,788.4200 phantom shares +2 more

5 metrics

Phantom shares granted 128.3200 phantom shares Director compensation grant on April 1, 2026

Grant price per phantom share $97.4100 per share Reference price for April 1, 2026 grant

Total phantom shares after grant 20,788.4200 phantom shares Holdings following reported transaction

Unvested restricted phantom shares 1,906.10 phantom shares Subject to forfeiture on certain director service terminations

Conversion ratio 1-for-1 into common stock Conversion of derivative security

Key Terms

Phantom Shares, restricted phantom shares, Derivative Security, director compensation, +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.

restricted phantom shares financial

"Total includes 1,906.10 unvested restricted phantom shares that are subject to forfeiture"

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."

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^*

MEARS MICHAEL N

(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	20,788.42(5)	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.

5. 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.

Remarks:

	MICHAEL N. MEARS 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 Michael N. Mears?

Sempra reported that director Michael N. Mears received 128.3200 phantom shares of Sempra common stock as director compensation, at a grant price of $97.4100 per phantom share. This was recorded as an acquisition of a derivative security tied to common stock.

How many phantom shares does Michael N. Mears hold after this Sempra (SRE) Form 4?

After the grant, Michael N. Mears holds 20,788.4200 phantom shares linked to Sempra common stock. This total includes both vested and unvested amounts and reflects his full phantom share position immediately following the reported director compensation award.

What are the terms of the phantom shares granted to Sempra (SRE) director Michael N. Mears?

The phantom shares are convertible into Sempra common stock on a 1-for-1 basis. They are immediately exercisable for vested shares, have no applicable expiration date, and were granted as part of Mears’ director compensation on April 1, 2026.

How many unvested restricted phantom shares does Sempra (SRE) director Michael N. Mears have?

Michael N. Mears’ total phantom share holdings include 1,906.10 unvested restricted phantom shares. These unvested units are subject to forfeiture if his service as a director ends before vesting, except in cases of death, disability, or removal without cause.

Is the Sempra (SRE) phantom share grant to Michael N. Mears a market purchase or sale?

The grant is not a market purchase or sale; it is a compensation-related award. The Form 4 identifies the transaction with code A, indicating a grant, award, or other acquisition of phantom shares as part of Mears’ role as a director.