Taylor Jack T 4

What Happened

• Jack T. Taylor, a member of Sempra's Board of Directors, received an award of 1,498.77 phantom shares (derivative securities) on 2026-05-12. The Form 4 reports the acquisition price as $0.00 because these are phantom (cash‑settled) shares granted as director compensation.
• After this award, the filing shows a total of 43,437.01 phantom shares reported for Taylor (41,938.24 of which are vested and not subject to forfeiture; the 1,498.77 newly granted shares are subject to forfeiture under certain conditions).

Key Details

• Transaction date: 2026-05-12; filing date (Form 4): 2026-05-13 (timely).
• Transaction type/code: A — Award/Grant (derivative phantom shares).
• Amount awarded: 1,498.77 phantom shares; recorded acquisition price: $0.00.
• Phantom shares total after award: 43,437.01 (41,938.24 vested; 1,498.77 subject to forfeiture if service ends before Sempra’s 2027 Annual Meeting).
• Footnotes: F1 — each phantom share equals the economic equivalent of one common share; F2 — unvested shares can be forfeited if director leaves before the specified date; F3 — 41,938.24 shares are vested deferred compensation and not subject to forfeiture; dividend equivalents are accrued.
• Filing appears timely (no late-report indication).

Context

• Phantom shares are cash‑settled equivalents of stock, not actual company shares: they track the economic value of Sempra common stock and are typically paid in cash upon vesting or separation. This is a compensation award rather than an open‑market purchase or sale, so it does not directly signal a bullish or bearish trade by the insider.
• Vested phantom shares give the director economic exposure already earned; the newly granted portion is deferred and may be forfeited if service ends before the vesting condition (per footnote).