Director at Sempra (NYSE: SRE) awarded new phantom share grant
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 reported a grant of 136.81 phantom shares of Sempra common stock as director compensation. The phantom shares were valued at $91.37 per share for this award and increase his directly held phantom share balance to 43,573.81 shares.
The phantom shares are structured as a derivative security convertible into common stock on a 1-for-1 basis. Vested phantom shares are immediately exercisable, and the award has no stated expiration date. The total balance includes 1,498.77 unvested restricted phantom shares that may be forfeited if his board service ends before vesting, except in cases of death, disability, or removal without cause.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Jack T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 136.81 | $91.37 | $13K |
Holdings After Transaction:
Phantom Shares — 43,573.81 shares (Direct, null)
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 1,498.77 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: 136.81 phantom shares
Grant price per phantom share: $91.37 per share
Total phantom shares after grant: 43,573.81 phantom shares
+2 more
5 metrics
Phantom shares granted
136.81 phantom shares
Grant to director Jack T. Taylor as compensation
Grant price per phantom share
$91.37 per share
Value assigned to 136.81 phantom shares
Total phantom shares after grant
43,573.81 phantom shares
Director Jack T. Taylor holdings following transaction
Unvested restricted phantom shares
1,498.77 phantom shares
Subject to forfeiture upon certain director service terminations
Conversion ratio
1-for-1 into common stock
Phantom shares convertible into Sempra common stock
Key Terms
Phantom shares, restricted phantom shares, Derivative Security, director compensation, +1 more
5 terms
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."
vesting financial
"unvested restricted phantom shares that are subject to forfeiture if service as a director terminates prior to vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Sempra (SRE) report for Jack T. Taylor?
Sempra reported that director Jack T. Taylor received a grant of 136.81 phantom shares as director compensation. These phantom shares are tied to Sempra common stock and increase his total phantom share holdings to 43,573.81, according to the Form 4 disclosure and related footnotes.
Does this Sempra (SRE) Form 4 show a market purchase or sale of common stock?
No, the Form 4 reports a grant of phantom shares as director compensation, not an open-market trade in common stock. The transaction is coded as a derivative award acquisition, and there are no reported buys or sells of Sempra common shares in this filing.