YARDLEY JAMES C 4

What Happened
James C. Yardley, a director of Sempra (SRE), was granted 136.81 phantom shares (a derivative award) on July 1, 2026. The award is reported at $91.37 per share for a total value of $12,500. This was a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction type/date: Grant of derivative securities (phantom shares) on 2026-07-01.
• Quantity/price/value: 136.81 phantom shares @ $91.37 = $12,500.
• Nature of security: Phantom shares of Sempra common stock (derivative), convertible 1-for-1 into common stock.
• Vesting/exercisability: Conversion is 1:1; shares that have vested are immediately exercisable. Expiration: Not applicable.
• Holdings reported: Form notes total includes 1,498.77 unvested restricted phantom shares that may be forfeited if director service ends before vesting (except for death, disability, or removal without cause).
• Timeliness: Filed 2026-07-02 for a 2026-07-01 transaction (timely under Form 4 rules).

Context

• These phantom-share grants are director compensation and represent a derivative award rather than a cash purchase or sale; they typically convert to common shares on a 1-for-1 basis when vested.
• Such grants are routine for board members and should be viewed as compensation disclosure rather than a direct market buy or sell signal.