Director at Sempra (NYSE: SRE) receives new phantom share grant

Rhea-AI Filing Summary

Sempra director Kevin C. Sagara reported receiving a grant of 136.81 phantom shares of Sempra Common Stock as director compensation. The grant is priced at $91.37 per share and represents a derivative interest that converts into Common Stock on a 1-for-1 basis.

After this award, Sagara holds a total of 5,437.92 phantom shares, including 1,498.77 unvested restricted phantom shares that may be forfeited if his service as a director ends before vesting, other than for death, disability or removal without cause.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sagara Kevin C.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	136.81	$91.37	$13K

Holdings After Transaction: Phantom Shares — 5,437.92 shares (Direct, null)

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 1,498.77 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: 5,437.92 phantom shares +2 more

5 metrics

Phantom shares granted 136.81 phantom shares Grant to director Kevin C. Sagara as compensation

Grant price per phantom share $91.37 per share Price used for the 136.81 phantom shares grant

Total phantom shares after grant 5,437.92 phantom shares Director Kevin C. Sagara’s holdings following the transaction

Unvested restricted phantom shares 1,498.77 phantom shares Subject to forfeiture upon certain terminations of director service

Conversion ratio 1-for-1 Each phantom share converts into one share of Common Stock

Key Terms

Phantom Shares, restricted phantom shares, director compensation, forfeiture, +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 1,498.77 unvested restricted phantom shares that are subject to forfeiture"

director compensation financial

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

forfeiture financial

"subject to forfeiture if service as a director terminates prior to vesting"

Conversion of Derivative Security financial

"Conversion of Derivative Security is 1 for 1."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:13 PM Accepted by SEC EDGAR 07/02/2026 - 04:13 PM Learn about SEC filing dates

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)
07/01/2026

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)	07/01/2026		A		136.81		(3)	(4)	Common Stock	136.81	$91.37	5,437.92(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 1,498.77 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.

Remarks:

	KEVIN C. SAGARA BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact	07/02/2026
	** 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 director Kevin C. Sagara received a grant of 136.81 phantom shares as director compensation at $91.37 per share. These phantom shares track Sempra Common Stock value and convert into shares on a 1-for-1 basis under the plan’s terms.

How many phantom shares does Kevin C. Sagara hold after this Sempra Form 4?

Following the reported award, Kevin C. Sagara holds a total of 5,437.92 phantom shares. This total includes previously granted amounts and reflects his accumulated phantom share-based director compensation tied to the value of Sempra Common Stock over time.

What portion of Kevin C. Sagara’s Sempra phantom shares are unvested and at risk of forfeiture?

Out of Sagara’s total phantom share holdings, 1,498.77 are unvested restricted phantom shares. These may be forfeited if his service as a director ends before vesting, except in cases of death, disability, or removal without cause.

How do Kevin C. Sagara’s Sempra phantom shares convert into Common Stock?

The phantom shares convert into Sempra Common Stock on a 1-for-1 basis, meaning each phantom share corresponds to one common share. The filing notes that vested phantom shares are immediately exercisable, while unvested shares remain subject to vesting conditions.

Is Kevin C. Sagara’s Sempra Form 4 transaction an open-market stock purchase or sale?

No, the transaction is a compensation-related grant, reported with code A for an award or other acquisition. Sagara did not buy or sell shares on the open market; instead, he received 136.81 phantom shares as part of his director compensation package.