Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 128

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 128
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 |           — |     |     ​(8) |     |       -0.02 |
| ​Sempra Adjusted Earnings and Adjusted EPS(2)                                                                      |     |                              |     |            |     |             |     |  ​$1,162 |     |       $2.32 |
| Weighted-average common shares outstanding, diluted                                                                |     |                              |     |            |     |             |     |          |     |     501,311 |

| (1) | Except for adjustments that are solely income tax and tax related to outside basis differences, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We recorded a $17 million income tax expense in 2014 to reduce certain tax regulatory assets attributed to SONGS. |

| (2) | Adjusted Earnings and Adjusted EPS have been updated to reflect the impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives and net unrealized (gains) losses on commodity derivatives. |

| 2025 Proxy Statement |     | 101 |

TABLE OF CONTENTS

Appendix B PERFORMANCE-BASED ANNUAL BONUS PLAN—ADDITIONAL INFORMATION Additional Information on Predefined Earnings Adjustments Consistent with the approach taken in prior years, the Compensation and Talent Development Committee determined at the beginning of the year that the earnings calculation for annual bonus plan purposes, or ABP Earnings, would be adjusted as follows:

| • | Exclude the impact of any unplanned changes in tax laws or regulations and accounting rule changes. |

| • | Exclude certain nonrecurring items at the discretion of the Compensation and Talent Development Committee, provided that such items do not have a material adverse impact on the company’s stock price, also as determined by the Compensation and Talent Development Committee. Such items would include but not be limited to: |

| • | the pro forma earnings impact of any acquisition or divestiture to the extent the earnings impact of such acquisition or divestiture or related transaction and integration cost is not included in the ABP Earnings target. |

| • | nonrecurring gains or losses related to RBS Sempra Commodities LLP, which was sold in four separate transactions completed in 2010 and 2011. |

| • | Exclude the variance from plan of foreign currency exchange gains or losses, net of inflation, including any associated cost of hedging. |

| • | Exclude unrealized mark-to-market gains or losses. |