Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 92

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 92
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31, 2024 and received their benefits under the plans as a lump sum, their early retirement benefits would have been $49,034,238 for Mr. Martin; $1,240,102 for Ms. Sedgwick; $1,194,086 for Mr. Bird; and $14,664,898 for Mr. Mihalik. |

| (C) | Ms. Day, who is not a participant in the Supplemental Executive Retirement Plan, is vested in benefits under the Cash Balance Plan and nonqualified Cash Balance Restoration Plan. Had her employment terminated on December 31, 2024, Ms. Day’s benefit would have been $1,515,335. |

| (D) | Mr. Mihalik retired on January 1, 2025 at age 58. He is entitled to a benefit of $14,736,242 from the Supplemental Executive Retirement Plan on July 1, 2025 as well as a benefit of $324,712 from the Cash Balance Plan. |

| 2025 Proxy Statement |     | 79 |

TABLE OF CONTENTS Executive Compensation

Nonqualified Deferred Compensation Our nonqualified Employee and Director Savings Plan permits executives to elect on a year-by-year basis to defer the receipt of up to 85% of their annual salary and performance-based annual bonus for payment in installments or in a lump sum at a future date in connection with an executive’s separation of service from the company or on a fixed in-service distribution date. Executive officers also may defer all or a portion of certain performance-based restricted stock unit awards upon vesting. The timing and form of distribution are selected by the executive at the time of the deferral election, and subsequent changes are limited. In the event of a change in control, participant accounts are distributed in a lump sum immediately prior to the date of the change in control. Deferred amounts are fully vested and earn interest at a rate reset annually to the higher of 110% of the Moody’s Corporate Bond Yield Average Rate or the Moody’s Corporate Bond Yield Average Rate plus 1% (6.17% for 2024) or, at the election of the executive, are deemed invested in investment accounts that mirror the investment accounts available under our tax-qualified 401(k) savings plan in which all employees may participate. Deferrals of performance-based restricted stock unit awards cannot be transferred into other investments and are paid out in shares of common stock in accordance with the officer’s payout elections following separation of service from the