Martin Jeffrey W 4

What Happened

• Jeffrey W. Martin, Chairman, CEO & President and a Director of Sempra (SRE), acquired 2,140.07 phantom shares under Sempra’s deferred compensation plan on March 12, 2026.
• The filing shows a per‑unit price of $93.45, with a total acquisition reported as $199,990 (footnote rounds this to $200,000). This is a derivative/cash‑settled award rather than an open‑market stock purchase.

Key Details

• Transaction date and price: 2026-03-12, 2,140.07 phantom shares at $93.45 each.
• Reported value: $199,990 on the form; footnote lists total acquisition cost of $200,000.
• Shares owned after transaction: Not disclosed in this filing.
• Transaction type: Derivative acquisition under the deferred compensation plan (discretionary transaction).
• Footnotes: (F1) Phantom shares payable in cash and may be transferred into an alternative investment account; (F2) conversion is 1-for-1; (F3) exercisable immediately; (F4) expiration not applicable.
• Filing timeliness: Reported the next day (filed 2026-03-13 for a 2026-03-12 transaction), indicating a timely Form 4.

Context

• These “phantom shares” are a cash‑settled form of deferred compensation that track Sempra’s stock value; they are not immediate equity and do not represent share ownership until settled.
• Such deferred‑comp awards are common for executives and do not necessarily signal a buy or sell opinion on the company’s stock.