Martin Jeffrey W 4

What Happened
Jeffrey W. Martin, Sempra's Chairman, CEO, President and a director, acquired 2,098.24 phantom shares of Sempra common stock on 2026-03-19. The reported per-share price was $95.32, for a total reported acquisition value of $200,004 (footnote lists $200,000). This was a discretionary acquisition of derivative/phantom shares under Sempra’s deferred compensation plan, not an open-market stock purchase.

Key Details

• Transaction date: 2026-03-19; Form filed: 2026-03-20 (timely, reported next day).
• Transaction: Discretionary acquisition of 2,098.24 phantom shares at $95.32 each; total ≈ $200,004.
• Security type: Phantom/derivative shares payable in cash under the deferred compensation plan (conversion 1-for-1).
• Exercisable/settlement: Immediate (no expiration applicable).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: phantom shares payable in cash and may be transferred into an alternative investment account.

Context
Phantom shares are a cash-settled deferred compensation vehicle that tracks stock value; they do not represent actual shares with voting rights until (if) converted/settled. This is a routine deferred-compensation credit rather than an open-market purchase of common stock, so it does not carry the same signal as an outright buy of shares.