CONESA ANDRES 4

What Happened Conesa Andres, a director of Sempra (SRE), was granted 136.81 phantom shares as director compensation on July 1, 2026. The grant is reported at an imputed price of $91.37 per share, with a total value of approximately $12,500. This was an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (appears timely).
• Reported amount: 136.81 phantom shares at $91.37 each; total ≈ $12,500.
• Securities type: Derivative (phantom stock) granted as director compensation (transaction code A).
• Conversion: 1-for-1 conversion to common stock (Footnote F2); exercisable immediately for vested shares (F3); no expiration applicable (F4).
• Shares owned after transaction: not reported in this filing.
• No 10b5-1 plan, sale, or tax-withholding details indicated in the filing.

Context Phantom shares are a form of deferred/phantom equity used for director compensation; they typically convert to cash or actual stock per plan terms and do not represent an open-market purchase. Such grants are routine compensation and should not be interpreted as a direct insider market buy or sell signal.