MARK RICHARD J 4

What Happened
Mark Richard, a director of Sempra (SRE), was granted 128.32 phantom shares as director compensation on April 1, 2026. The filing reports an acquisition (award) of 128.32 shares at an imputed price of $97.41 per share, with a total reported value of $12,500. This was a compensation award (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Filing date: April 2, 2026.
• Instrument: Phantom shares of Sempra common stock (derivative security).
• Quantity and value: 128.32 shares at $97.41 each, total $12,500.
• Conversion: Derivative converts 1-for-1 to common shares (per filing).
• Vesting/exercise: Date exercisable is immediate for vested shares; expiration not applicable.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed the day after the transaction; no late-filing indication in this record.

Context
Phantom share awards are a form of deferred compensation tied to the company’s stock value and do not represent an open-market purchase. While awards increase an insider’s economic exposure to the company, they primarily reflect director compensation practices rather than a direct trading signal.