Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 30

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 30
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 competitiveness of Sempra’s director compensation in total and by component. Any changes to director compensation are approved by the Board of Directors. Directors who are also employees of the company are not additionally compensated for service as a director. The compensation of Jeffrey W. Martin, our Chairman, Chief Executive Officer and President, is summarized in the 2024 Summary Compensation Table appearing under “Executive Compensation—Compensation Tables” below. Our 2024 non-employee director compensation program is summarized in the table below.

| 2024 Non-Employee Director Compensation Program              |     |          |
| Board Retainers:                                             |     |          |
| Annual Base Retainer                                         |     | $105,000 |
| Lead Independent Director Retainer                           |     |  $50,000 |
| Committee Chair Retainers:                                   |     |          |
| Audit Committee Chair Retainer                               |     |  $20,000 |
| Compensation and Talent Development Committee Chair Retainer |     |  $15,000 |
| Other Committee Chair Retainer(A)                            |     |  $10,000 |
| Committee Member Retainers:                                  |     |          |
| Audit Committee Member Retainer                              |     |  $20,000 |
| Other Committee Member Retainer(B)                           |     |  $10,000 |
| Equity:                                                      |     |          |
| Mandatory Deferred Equity                                    |     |  $50,000 |
| Annual Equity Award                                          |     | $125,000 |
| Initial Equity Award for New Director                        |     | $125,000 |

| (A) | Applicable to the Corporate Governance Committee and Safety, Sustainability and Technology Committee. |

| (B) | Applicable to the Compensation and Talent Development Committee; Corporate Governance Committee; Safety, Sustainability and Technology Committee; and Executive Committee. |

Retainers Directors who are not employees of Sempra received annual retainers in 2024 as set forth in the table above. Directors could elect to receive their retainer in cash or to defer it into phantom investment funds (including a fund for which interest is credited at the higher of 110% of the Moody’s Corporate Bond Yield Average or the Moody’s Corporate Bond Yield Average plus 1%) or phantom shares of our common stock. Equity Each quarter in 2024, non-employee directors were credited with a number of vested phantom shares of our common stock having a market value of $12,500, which we refer to as Mandatory Deferred Equity, and are required to hold these phantom shares until