Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 102

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 102
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ial pension plans reported in the SCT for the applicable year. Above-market interest on non-qualified deferred compensation reported in the SCT for the applicable year are not reflected. |

| (4) | The amounts in this column reflect the actuarily determined service cost for services rendered during each applicable year under all defined benefit and actuarial pension plans. There were no plan amendments to defined benefit and actuarial pension plans during the applicable years that resulted in adjustments for prior service costs. |

As part of our compensation program, we granted Equity Awards to our named executive officers in 2020, 2021, 2022, 2023 and 2024 that use multiple performance measures, including TSR relative to the S&P 500 Utilities Index and the S&P 500 Index. The TSR for the S&P 500 Utilities Index reflected in column (g) differs from the TSR used for our restricted stock unit awards because the TSR reflected in column (g) is based on the market-capitalization-weighted index while the TSR used for our performance-based restricted stock unit awards is based on our TSR percentile ranking relative to the companies in the S&P 500 Utilities Index, excluding water companies, or the companies in the S&P 500 Index, in each case for the three-year performance period for such awards. For additional information about the performance measures used in our annual long-term incentive plan awards, see “Compensation Components—Long-Term Equity-Based Incentives—Rationale for 2024 Annual LTIP Award Design” and “Compensation Components—Long-Term Equity-Based Incentives—Performance Goals for the 2024 Performance-Based Restricted Stock Units” in the Compensation Discussion and Analysis in this proxy statement. The value of our TSR is impacted by changes in our stock price. Our year-end stock price was $ 87.72in 2024, $ 74.73in 2023, $ 77.27in 2022, $ 66.14in 2021, $ 63.705in 2020 and $ 75.74in 2019.

| (C) | Net income represents the amount of net income reflected in our audited financial statements for the applicable fiscal year and includes preferred stock dividends, preferred stock dividends of subsidiaries and earnings attributable to noncontrolling interests. Earnings attributable to common shares, which exclude these items, were $2,817in 2024, $3,030million in 2023, $2,094million in 202