Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 98

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 98
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                $— |     |           $— |     |         $ 13,064,786 |

| (A) | For Messrs. Martin and Bird and Ms. Sedgwick, the severance payment is equal to one times (two times if related to a change in control) the sum of (i) annual base salary and (ii) the higher of the average of the last three performance-based annual bonuses or his target bonus for the year in which the termination occurs. For Ms. Day, the severance payment is equal to one-half times (one times if related to a change in control) the sum of (i) annual base salary and (ii) the |

| 82 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

higher of the average of the last three performance-based annual bonuses or her target bonus for the year in which the termination occurs. An additional one times the sum of annual base salary and the higher of the average of the last three performance-based annual bonuses or target bonus for the year in which the termination occurs is conditioned upon the executive’s agreement to provide post-termination consulting services and abide by restrictive covenants related to non-solicitation and confidentiality. In addition, in the event a termination occurs or is deemed to occur within two years following a change in control, or in the event of an executive’s death or disability, an executive will also receive a prorated bonus for the year of termination equal to the greater of the average of the last three performance-based annual bonuses or the target bonus for the year in which the termination occurs. If the executive receives a bonus under the annual bonus plan for the year of termination, such bonus is offset by the prorated bonus provided under the severance pay agreement. For Mss. Sedgwick and Day and Mr. Bird, the amount shown in the table above excludes payment of the bonus earned in the year of termination because the actual 2024 bonus under the annual bonus plan exceeds the 2024 bonus payable under the severance pay agreement. For Mr. Martin, the amount shown in the table above includes the difference between the 2024 bonus payable under the severance pay agreement, which is based on the average of the past three bonuses, and the actual 2024 bonus.

| (C) | For Ms. Sedgwick and Mr. Bird, the amounts shown for termination related to a change in control are the incremental actuarial value assuming that they had attained age 62,