Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 59

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 59
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 with the approach taken in prior years, the Compensation and Talent Development Committee also determined when it set earnings goals that the earnings calculation for 2024 annual bonus plan purposes would be adjusted by limiting or excluding the impact of major changes

| 52 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

in accounting rules, certain items related to acquisitions and divestitures, certain regulatory matters, legacy litigation matters and other adjustments as described in Appendix B to this proxy statement. In addition, the Compensation and Talent Development Committee has, but did not use, discretion to adjust earnings for other unplanned or unforeseen items that may occur during the course of the year. Safety Measures and Sustainability Measures Goal Determination Safety Measures The Compensation and Talent Development Committee included safety measures in our annual performance-based bonus plan because our strong commitment to robust safety practices is foundational to our company’s culture and success of our infrastructure-intensive businesses. The Safety Measures included in the 2024 performance-based annual bonus plan, which are collectively weighted at 12%, include metrics focused on employee safety as well as measures that promote public safety and safe operations. Additional detail about these Safety Measures and 2024 performance results on these measures is provided below in Table 11. Sustainability Measures The 2024 Sustainability Measures are collectively weighted at 8% and the Compensation and Talent Development Committee’s selection of these measures reflects the company’s key sustainability priorities and initiatives. Expectations for progress on these priorities were discussed with management at the beginning of the year and management provided performance updates to the Compensation and Talent Development Committee over the course of the year. The committee determined the performance results using the evaluation framework set forth below in Table 10. Additional detail about the Sustainability Measures and 2024 performance results on these measures is provided in Appendix B to this proxy statement. The Compensation and Talent Development Committee reviewed the performance results for the Sustainability Measures and, using the framework shown below, determined the overall payout of 150% of target for these measures as shown in Table 10 below.

| 2024 Sustainability Measures    |     | Below Target       
 0% - 50%           |     | Approximating Target 
 50% - 100%           |     | Above Target     
 100% - 150%      |     | Significantly Above Target 
 150% - 200%                |
| Environmental                   
 (One-Third)                     |     | 1-2 goals achieved |     | 3 goals achieved     |     | 4 goals achieved |     |