WARNER CYNTHIA J 4

What Happened Cynthia J. Warner, a director of Sempra (SRE), was granted 297.71 phantom shares (a derivative award) on April 1, 2026. The grant is reported at a per-share amount of $97.41, with a total reported value of $29,000. This was an award/compensation grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely).
• Award: 297.71 phantom shares at $97.41 per share; total reported value $29,000.
• Security type: Derivative (phantom shares). Conversion ratio: 1-for-1 into common shares (Footnote F2).
• Vesting/forfeiture: Filing notes a total that includes 1,906.10 unvested restricted phantom shares subject to forfeiture if director service terminates before vesting (F5). Date exercisable is immediate for shares that have vested (F3). Expiration: Not applicable (F4).
• Shares owned after transaction: Not specified in the filing.

Context Phantom shares are a form of deferred/derivative director compensation that typically convert to common shares (or cash tied to share value) per the plan terms; they are not an open-market purchase and do not necessarily signal personal buying/selling intent. The filing shows this as routine director compensation rather than a sale or exercise-for-cash.