Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 64

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 64
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 outcomes, the amounts ultimately realized are not expected to align with the target values at grant. Performance Goals for the 2024 Performance-Based Restricted Stock Units The 2024 annual long-term incentive plan awards included two performance measures—relative total shareholder return and EPS growth, each weighted at one-third of the total target award value. The portion of the awards linked to relative total shareholder return is weighted between total shareholder return relative to our S&P 500 Utilities Index peers (70% weighting) and total shareholder return relative to the S&P 500 Index (30% weighting). 1. Relative Total Shareholder Return Each TSR-based performance-based restricted stock unit represents the right to receive between zero and two shares of Sempra common stock based on the company’s three-year cumulative total shareholder return compared to our S&P 500 Utilities Index peers or the S&P 500 Index, as applicable. We measure our total shareholder return against both the S&P 500 Utilities Index and the S&P 500 Index because our operations extend beyond those of a typical utility and we have significant international and non-utility energy infrastructure assets and operations.

| 56 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

If the company’s performance is at the target performance level (the 50 thpercentile of the applicable index), participants will earn one share for each restricted stock unit. Participants have the opportunity to earn up to two shares for each restricted stock unit if performance exceeds the target performance level. Participants earn a partial share for performance between the threshold and target performance levels and between one and two shares for performance between target and maximum performance levels, as shown below. No shares are earned for performance below the 25 thpercentile of the applicable index.

| Cumulative Total Shareholder Return Percentile Rank vs. 
 S&P 500 Utilities Index Peers or S&P 500 Index          
 (Measured Independently in Separate Award Components)   |     | Sempra Common Stock Shares Received for 
           Each Restricted Stock Unit(1) |
| 90thPercentile or higher (Maximum)                      |     |                                     2.0 |
| 70thPercentile                                          |     |                                     1.5 |
| 50thPercentile (Target)                                 |     |                                     1.0 |
| 40thPercentile                                          |     |                                     0.7 |
| 30thPercentile                                          |     |                                     0.4 |
| 25thPercentile (Threshold)                              |     |