Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 87

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 87
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 vs. S&P 500 Index)           |     | 170.00%                             |

On January 28, 2025, the January 3, 2022 awards based on total shareholder return compared to the S&P 500 Utilities Index vested at 191.5% of target and the January 3, 2022 awards based on total shareholder return compared to the S&P 500 Index vested at 169.5% of target. The EPS growth-based awards granted on January 3, 2023 and January 2, 2024 (together with related reinvested dividend equivalents) are reported based on target performance, as the applicable performance period has not yet ended and the EPS (as adjusted for LTIP purposes) for the final year(s) of the performance period has not yet been determined. The number of shares that ultimately vest will depend upon the extent to which the performance measures have been satisfied at the actual end of the applicable performance period and may be fewer or greater than the number reported in the table.

| 2025 Proxy Statement |     | 75 |

TABLE OF CONTENTS Executive Compensation

On February 19, 2025, the January 3, 2022 awards based on EPS growth (as adjusted for LTIP purposes) with a performance period that ended on December 31, 2024 vested at 200% of target, or maximum performance. These awards are reported based on the final performance result of 200% of target. For additional detail, see Note C to the 2024 Option Exercises and Stock Vested table below.

| (E) | The weighted-average exercise price for outstanding options as of December 31, 2024 was (1) $67.338 for Mr. Martin, $75.820 for Ms. Sedgwick and Mr. Bird, and $72.614 for Mr. Mihalik for all outstanding options; (2) $74.236 for Mr. Martin, $75.820 for Ms. Sedgwick and Mr. Bird, and $74.363 for Mr. Mihalik for all unexercisable options and (3) $64.044 for Mr. Martin and $69.157 for Mr. Mihalik for all exercisable options. |

| 76 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

Option Exercises and Stock Vested We summarize below the option exercises and restricted stock units that vested during 2024 for each