Martin Jeffrey W 4

What Happened Jeffrey W. Martin, Chairman, CEO & President and a director of Sempra, acquired 2,155.64 phantom shares of Sempra common stock on 2026-03-11 at an effective per-unit price of $92.78, for a total acquisition cost of $200,000. This was a derivative acquisition (phantom shares) under Sempra’s deferred compensation plan rather than an open-market purchase of actual shares.

Key Details

• Transaction date: 2026-03-11; Form filed: 2026-03-12 (timely filing).
• Instrument: 2,155.64 phantom shares (derivative) at $92.78 each; total $200,000.
• Phantom shares are cash-settled and convertible 1-for-1 to common stock value (Footnotes F1–F3).
• Phantom shares are payable in cash and may be transferred by the reporting person into an alternative investment account (F1).
• Date exercisable: Immediate (F3); Expiration: Not applicable (F4).
• Shares owned after the transaction: Not specified in the provided filing.

Context Phantom shares are a form of deferred compensation that track stock value but are typically paid in cash—this means the transaction increases Martin’s deferred stake in company performance but does not immediately change outstanding share count. Because this is an award/acquisition under a compensation plan (derivative), it should not be interpreted the same as an open-market buy or sale. The filing appears timely (reported the next day).