Taylor Jack T 4

What Happened

• Jack T. Taylor, a director of Sempra (SRE), was granted 128.32 phantom shares (derivative award) on 2026-04-01. The grant is reported at $97.41 per share, for a stated value of $12,500. 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.
• Grant type: Phantom shares of Sempra common stock granted as director compensation (derivative security).
• Price/value: 128.32 shares × $97.41 = $12,500 (reported).
• Conversion: Phantom shares convert 1-for-1 into common stock if/when settled.
• Vesting/forfeiture: The filing shows a total of 2,034.42 phantom shares after this grant (128.32 newly acquired + 1,906.10 unvested restricted phantom shares). The 1,906.10 shares are unvested and subject to forfeiture if service as a director ends before vesting (except for death, disability, or removal without cause). Vested shares are exercisable immediately; expiration is Not Applicable.
• Filing timeliness: Report filed the next day; no late-filing flag noted.

Context

• This was a routine director compensation award (an "A" code on Form 4) rather than a purchase or sale. Phantom/share-settled awards are commonly used to compensate directors and do not necessarily indicate a personal cash outlay or immediate stock sale. The grant increases Taylor’s phantom/share-based holdings but includes a substantial unvested portion that depends on continued service.