Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 68

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 68
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 under the company’s basic long-term disability plan.                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Other Executive Benefits |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | We provide certain other benefits to our named executive officers. The Compensation and Talent Development Committee reviews the level and types of these executive benefits each year. The committee believes that these benefits are important in attracting and retaining executive talent. These executive benefits include financial and estate planning services, excess personal liability insurance, medical transport coverage and programs that match charitable contributions by each named executive officer, including contributions of up to $25,000 by each of Messrs. Martin, Mihalik and Bird and Ms. Sedgwick and up to $15,000 by Ms. Day and certain additional programs in which all Sempra employees are eligible to participate, such as special charitable giving campaigns that provide additional charitable matching contributions not subject to the limits set forth above. The Chief Executive Officer also has an executive security specialist for personal and business driving in the context of an overall security plan. 
 An annual executive benefit program allowance of $40,000 for Mr. Martin and $30,000 for Messrs. Mihalik and Bird and Ms. Sedgwick may be used to cover out-of-pocket costs for health and welfare benefits as well as the cost of the financial and estate planning services and excess personal liability insurance discussed above. Any unused allowance is paid out at year-end.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 In April 2023, during his tenure as the Chief Executive Officer of Sempra Infrastructure and before he became an executive officer of Sempra, Mr. Bird was granted a recognition and retention award by Sempra Infrastructure in connection with his efforts in achieving a positive final investment decision for the Port Arthur LNG Phase 1 project now under construction. The award provides for four annual cash payments of $150,000 in April 2023, 2024, 2025 and 2026, in each case subject to Mr. Bird’s continued service for the Sempra family of companies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 None of the benefits described above includes a tax gross-up provision.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

Table 18

| 2025 Proxy Statement |     | 59 |

TABLE OF CONTENTS Executive Compensation

2. Savings and Retirement Plans All of our named executive officers may elect to participate in our savings plans, consisting of a broad-based, tax-qualified 401(k) savings plan generally available to all employees and a deferred