Sempra (NYSE: SRE) director adds 1,499 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sempra director Jack T. Taylor received a grant of 1,498.77 phantom shares, each economically equivalent to one share of Sempra common stock. These phantom shares are subject to forfeiture if his board service ends before Sempra's 2027 Annual Shareholders Meeting, except in cases of death, disability, or removal without cause.
After this award, Taylor holds a total of 43,437.01 phantom shares, including 41,938.24 vested phantom shares acquired as deferred compensation that are not subject to forfeiture. Vested phantom shares and related dividend equivalents are paid in cash after he leaves board service.
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 | 1,498.77 | $0.00 | -- |
Holdings After Transaction:
Phantom Shares — 43,437.01 shares (Direct, null)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sempra Common Stock. Shares are subject to forfeiture if service as a director terminates for any reason other than death, disability or removal without cause prior to Sempra's 2027 Annual Shareholders Meeting. Vested phantom shares plus reinvested dividend equivalents are paid to the director in cash following separation of service. Includes 41,938.24 vested phantom shares acquired as deferred compensation for service as a director, which are not subject to forfeiture. Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares.
Key Figures
Phantom shares granted: 1,498.77 phantom shares
Total phantom shares after grant: 43,437.01 phantom shares
Vested phantom shares: 41,938.24 phantom shares
+2 more
5 metrics
Phantom shares granted
1,498.77 phantom shares
Grant to director Jack T. Taylor on 2026-05-12
Total phantom shares after grant
43,437.01 phantom shares
Holdings of Jack T. Taylor following transaction
Vested phantom shares
41,938.24 phantom shares
Vested, not subject to forfeiture, as deferred compensation
Forfeiture condition date
2027 Annual Shareholders Meeting
Unvested phantom shares forfeitable if service ends before this meeting
Economic equivalence
1 phantom share = 1 common share
Each phantom share equals one Sempra common share economically
Key Terms
Phantom Shares, deferred compensation, dividend equivalents, Annual Shareholders Meeting
4 terms
deferred compensation financial
"Includes 41,938.24 vested phantom shares acquired as deferred compensation for service as a director, which are not subject to forfeiture."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
dividend equivalents financial
"Total includes shares accrued as dividend equivalents since the date of the last report of phantom shares."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
What insider transaction did Sempra (SRE) report for director Jack T. Taylor?
Sempra reported that director Jack T. Taylor received 1,498.77 phantom shares as a grant. These represent deferred compensation tied to his board service and track the economic value of Sempra common stock over time.