Martin Jeffrey W 4

What Happened

• Jeff Martin (Chairman, CEO & President; Director) acquired 2,067.23 phantom shares of Sempra common stock under Sempra's deferred compensation plan on March 17, 2026. The reported price was $96.75 per phantom share for a total acquisition cost of roughly $200,000 ($200,005 shown on the filing). This was a discretionary acquisition of a derivative (phantom) award, not an open-market purchase of actual shares.

Key Details

• Transaction date: 2026-03-17; SEC filing date: 2026-03-18 (timely filing).
• Instrument: 2,067.23 phantom shares (derivative), price $96.75, total ≈ $200,000.
• Conversion: Derivative converts 1-for-1 to common stock (F2).
• Exercisability: Immediately exercisable (F3); Expiration: Not applicable (F4).
• Payout/settlement: Phantom shares are payable in cash and may be transferred by the reporting person into an alternative investment account (F1).
• Shares owned after the transaction: Not specified in the provided filing.

Context

• Phantom shares are a form of deferred compensation that track the value of company stock but are typically settled in cash rather than issuing shares; this filing reflects an acquisition of such a deferred/derivative award. The transaction code indicates a discretionary transaction by the insider. This is an acquisition (not a sale), but it represents compensation treatment rather than an immediate purchase of tradable stock.