Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 83

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 83
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          |     |            |     |                          4,177 |     | 16,707 |     |  33,414 |     |           |     |                   |     |        |     | $1,266,725 |
| Nonqualified Stock Options                     |     | 1/02/24 |     | 11/14/23 |     |                                     |     |          |     |            |     |                                |     |        |     |         |     |           |     |            77,095 |     | $75.82 |     | $1,266,671 |
| Performance-Based Annual Bonus                 |     |         |     |          |     |                            $380,000 |     | $950,000 |     | $1,900,000 |     |                                |     |        |     |         |     |           |     |                   |     |        |     |            |

| (A) | Grant and authorization dates are applicable to equity incentive awards, which consist of performance-based and service-based restricted stock units and nonqualified stock options. The Compensation and Talent Development Committee authorizes these awards as part of annual compensation planning that is typically completed in December with salary adjustments becoming effective on January 1 and awards granted on the first trading day of January. The Compensation and Talent Development Committee approves a dollar value and the other terms for the awards to be granted to each named executive officer. Special equity awards also may be granted at other times, including upon the hiring or promotion of executive officers, to reward extraordinary performance, or to promote retention. In accordance with the terms approved by the Compensation and Talent Development Committee, on the grant date of each award, the precise number of shares to be granted to each named executive officer was calculated using the closing price for shares of our common stock on that date (or, for the nonqualified stock options, a Black-Scholes valuation). |

| (B) | Non-equity incentive plan awards consisted of performance-based annual bonuses payable under our annual bonus plan. Amounts reported in the table represent estimates at the beginning of 2024 of bonuses expected to be paid under financial and operational performance measures established by the Compensation and Talent Development Committee. Outstanding company or individual performance may result in the payment of bonuses that exceed the target amounts. In no event will actual payouts exceed the maximum bonuses established under the plan for each executive. |

Performance measures for 2024 were based on an ABP Earnings target of $3,051 million