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Director at Sempra (NYSE: SRE) receives 128 phantom shares award
Sempra director Michael N. Mears was awarded 128.32 phantom shares of Sempra common stock as director compensation on April 1, 2026, at a grant price of $97.41 per share. These phantom shares are immediately exercisable and convertible to common stock on a 1-for-1 basis, bringing his total holdings to 20,788.42 phantom shares, including 1,906.10 unvested restricted shares. The transaction, reported via a Form 4 filing, is considered a compensation-related acquisition rather than a market purchase or sale.