Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 308

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 308
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 Analysis,” “Compensation and Talent Development Committee Report” and “Compensation Tables” (except for the disclosure under the heading “Pay-Versus-Performance”), in the proxy statement to be filed for the May 2025 annual meeting of shareholders for Sempra and from the information statement to be filed for the June 2025 annual meeting of shareholders for SoCalGas. In all cases, only the specific information that is expressly required by this item is incorporated herein by reference.

2024 Form 10-K  |  112

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

Sempra has LTIPs that permit the grant of a wide variety of equity and equity-based incentive awards to directors, officers and key employees. At December 31, 2024, outstanding awards consisted of stock options and RSUs held by 457 employees.

The following table sets forth information regarding our equity compensation plans at December 31, 2024.

EQUITY COMPENSATION PLANS(1)Equity compensation plans approved by shareholdersNumber of shares to be issued upon exercise of outstanding options, warrants and rights(2)Weighted-average exercise price of outstanding options, warrants and rights(3)Number of additional shares remaining available for future issuance(4)Sempra:2013 LTIP272,728 $53.38 — 2019 LTIP4,206,750 $70.52 7,628,467 

(1)    Excludes dividend equivalents.

(2)    The 2013 LTIP consists of 272,728 options to purchase shares of our common stock, all of which were granted at an exercise price equal to 100% of the grant date fair market value of the shares subject to the option. The 2019 LTIP consists of 1,757,938 options to purchase shares of our common stock, all of which were granted at an exercise price equal to 100% of the grant date fair market value of the shares subject to the option, 1,905,724 performance-based RSUs and 543,088 service-based RSUs. Each performance-based RSU granted under the 2019 LTIP represents the right to receive from 0% to 200% of the shares of our common stock represented by the RSUs, depending on the degree to which applicable