Sagara Kevin C. 4

What Happened
Kevin C. Sagara, a director of Sempra (SRE), was granted 128.32 phantom shares (derivative award) on April 1, 2026. The award is reported at a grant value of $12,500, which corresponds to a notional per-share value of $97.41. This was an award/acquisition (derivative) as part of director compensation — not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-04-01; notional price $97.41 per share; total value $12,500.
• Transaction type: A = Grant/Award of derivative security (phantom shares). Conversion ratio: 1-for-1 into Sempra common stock.
• Exercisability/expiration: Shares that have vested are immediately exercisable; expiration is not applicable.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Filing timeliness: Reported on Form 4 filed 2026-04-02 (timely within SEC reporting window).
• Footnotes: Awarded phantom shares as director compensation; conversion 1:1; vested portions exercisable immediately.

Context
This was a routine director compensation award (phantom/derivative shares), which reflects non-cash pay rather than an open-market bet on the stock. Such awards are common for board members and do not necessarily signal personal buying or selling intent.