Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 105

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 105
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 under “Compensation Components—Performance-Based Annual Bonuses—ABP Earnings Goal Determination” in the Compensation Discussion and Analysis in this proxy statement.                                                                                                                                                                                                                                                                                                                                                                                                                                     |

| 2025 Proxy Statement |     | 87 |

TABLE OF CONTENTS Executive Compensation Ratio of Chief Executive Officer to Median Employee Pay The following is a reasonable estimate, prepared under applicable SEC rules, of the ratio of the annual total compensation of our Chief Executive Officer to the median of the annual total compensation of our other employees. In addition to our full-time U.S. workforce, our employee population includes a substantial percentage of part-time employees and employees in Mexico. Given the different methodologies that various public companies use to determine an estimate of their pay ratio and the differences in employee populations, the estimated ratio reported below should not be used as a basis for comparison between companies. SEC rules allow us to identify our median employee once every three years unless there has been a change in our employee population or employee compensation arrangements that we reasonably believe would result in a significant change in our pay ratio disclosure. We determined a median employee in 2023 based on a measurement date of December 31, 2023. In determining that median employee, we did not exclude any of our international employees, all of whom are located in Mexico, Singapore or the Netherlands, and no cost-of-living adjustment was applied. We used a definition of compensation, or “consistently applied compensation measure” (CACM), that included 2023 base salary and 2023 target annual incentive award and selected the median employee from a group of employees who received compensation within plus or minus 1% of the median CACM. Our 2023 median employee was promoted prior to December 31, 2024. Pursuant to applicable SEC rules, we substituted an employee with substantially similar compensation. To calculate the 2024 pay ratio, we calculated 2024 compensation for Mr. Martin and the median employee using the methodology used for the 2024 Summary Compensation Table plus health and welfare and other nondiscriminatory benefits, which are a key part of our total rewards program. Using this methodology, the 2024 total compensation of our median employee was $125,107 and the 2024 total compensation of our Chief Executive Officer was $21,540,966. For 2024, we estimate that the ratio of Chief Executive Officer pay to median employee pay was 172:1.

| 88 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

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