Kirk Jennifer M 4

What Happened
Jennifer M Kirk, a director of Sempra (SRE), was granted 128.32 phantom shares of Sempra common stock on April 1, 2026, with a reported per-share value of $97.41, totaling $12,500. This was an award/derivative acquisition as part of director compensation (not an open-market purchase or sale).

Key Details

• Transaction type: Award/Grant of derivative phantom shares (code A).
• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
• Amount: 128.32 phantom shares @ $97.41 per share = $12,500 total.
• Conversion: Derivative converts 1-for-1 into common shares (per footnote).
• Exercisability/vesting: Date exercisable is immediate for shares that have vested.
• Unvested holdings: Filing notes a total that includes 1,906.10 unvested restricted phantom shares subject to forfeiture if director service ends before vesting (except for death, disability, or removal without cause).
• Shares owned after transaction: Not specified in the filing.
• Nature: Award of phantom shares (derivative), not a market trade or gift.

Context
Phantom shares are derivative units that track the value of Sempra common stock and can convert into shares 1:1 when settled or vested; they are commonly used for director compensation and may be forfeited if service ends before vesting. Such awards are routine compensation and do not directly signal an open-market purchase or sale by the insider.