Sempra (NYSE: SRE) chief makes $200,000 phantom share allocation

Rhea-AI Filing Summary

Sempra chairman, CEO and president Jeffrey W. Martin reported a discretionary transaction under the company’s deferred compensation plan. He acquired 2,092.5 phantom shares of Sempra common stock at $95.58 per phantom share, with a total acquisition cost of $200,000. These phantom shares are payable in cash, are convertible into common stock on a 1-for-1 basis, are immediately exercisable, and have no expiration date. Following this transaction, Martin holds 210,894.15 phantom shares directly, which function as a cash-settled, stock-linked component of his compensation rather than traditional stock ownership.

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

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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^*

Martin Jeffrey W

(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
X	Officer (give title below)		Other (specify below)
	Chairman, CEO and President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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)	03/18/2026		I		2,092.5		(3)	(4)	Common Stock	2,092.5	$95.58	210,894.15	D

Explanation of Responses:

1. 2,092.5 phantom shares of Sempra Common Stock acquired under Sempra's deferred compensation plan at a price of $95.58 per phantom share with a total acquisition cost of $200,000. Phantom shares are payable in cash and may be transferred by the reporting person into an alternative investment account.

2. Conversion of Derivative Security is 1 for 1.

3. Date exercisable is Immediate.

4. Expiration date is Not Applicable.

Remarks:

	JEFFREY W. MARTIN BY: Lisa H. Abbot, Managing Attorney - Corporate and Securities of Sempra and Attorney-In-Fact	03/19/2026
	** 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 did Sempra (SRE) CEO Jeffrey Martin report in this Form 4?

Jeffrey Martin reported a discretionary transaction in phantom shares. He acquired 2,092.5 phantom shares at $95.58 each under Sempra’s deferred compensation plan, creating a cash-settled position linked to Sempra’s common stock performance.

How large is the phantom share transaction reported for Sempra (SRE)?

The transaction totals $200,000 in phantom shares. Martin received 2,092.5 phantom shares valued at $95.58 per share, reflecting a stock-linked, cash-settled compensation allocation rather than an open-market stock purchase or sale.

What are phantom shares in the context of Sempra (SRE)?

Phantom shares are cash-settled units that track Sempra’s common stock value. They are payable in cash, convertible 1-for-1 into the value of common stock, and may be transferred into an alternative investment account under the deferred compensation plan.

How many phantom shares does the Sempra (SRE) CEO hold after this transaction?

After this transaction, Martin holds 210,894.15 phantom shares. This reflects his cumulative deferred compensation balance tied to Sempra’s stock value, separate from any actual common stock he may own outside this filing’s scope.

Was this Sempra (SRE) Form 4 a buy or sell of common stock?

No, it was not a traditional stock buy or sell. The filing reports a discretionary transaction in phantom shares under a deferred compensation plan, which are cash-settled instruments rather than direct purchases or sales of Sempra common stock in the market.