Martin Jeffrey W 4

What Happened
Jeffrey W. Martin, Sempra’s Chairman, CEO and President (also a director), acquired 2,092.5 phantom shares under Sempra’s deferred compensation plan on March 18, 2026. The units were valued at $95.58 each for a total acquisition cost of $200,001. This was an acquisition of a derivative (phantom share) rather than issuance of common stock.

Key Details

• Transaction date and price: 2026-03-18 at $95.58 per phantom share. Total = $200,001.
• Type: Derivative acquisition (phantom shares) reported as a discretionary transaction.
• Conversion: Phantom shares convert 1-for-1 to common-stock equivalent (footnote).
• Settlement: Phantom shares are payable in cash and may be transferred into an alternative investment account.
• Exercisability/Expiration: Immediately exercisable; no expiration applicable.
• Filing timeliness: Report filed 2026-03-19 (timely, not marked late).
• Shares owned after transaction: Not specified in the filing.

Context
Phantom shares are a cash-settled form of deferred compensation that track the value of common stock but do not represent immediate share ownership. Such deferred-comp acquisitions align executive compensation with company performance but do not necessarily indicate immediate buy/sell market sentiment.