WARNER CYNTHIA J 4

What Happened
Cynthia J. Warner, a director of Sempra (SRE), received a grant of 317.39 phantom shares of Sempra common stock on July 1, 2026. The filing values the award at $91.37 per share for a total of about $29,000. This was an award/compensation (derivative security), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-07-01 — Award/Grant (derivative phantom shares).
• Price/value: $91.37 per share; total reported value ≈ $29,000.
• Conversion: Phantom shares convert 1-for-1 into common stock upon settlement (Footnote F2).
• Vesting/forfeiture: Date exercisable is immediate for any shares that have vested (F3). Filing also reports 1,498.77 unvested restricted phantom shares that are forfeitable if director service ends before vesting except for death, disability, or removal without cause (F5).
• Expiration: Not applicable (F4).
• Filing timeliness: Filed July 2, 2026 for a July 1 transaction — appears timely (Form 4 typically due within two business days).

Context
Phantom shares are a form of director compensation that represent a right to receive company stock (or equivalent value) later; they are derivative securities rather than an immediate buy of common stock. Awards like this are routine director pay and do not by themselves signal insider buying or selling intent.