Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 86

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 86
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,086 |     |                $10,972,526 |     |         — |     |                         $— |     |           |

| (A) | Stock options generally vest and become exercisable ratably over three years and they remain exercisable until they expire at the end of the 10-year term, subject to earlier expiration following termination of employment (subject to certain exceptions). For information about the treatment of stock options in the event of a termination of employment before the end of the vesting period or a change in control, see “Severance and Change in Control Benefits” below. |

| (B) | Performance-based restricted stock units generally will vest, in whole or in part, or be forfeited at the end of a three-year performance period to the extent certified by the Compensation and Talent Development Committee based on our total shareholder return compared to market and peer group indices and our EPS growth (as adjusted for LTIP purposes). For information about the treatment of performance-based restricted stock units in the event of a termination of employment before the end of the performance period or a change in control, see “Severance and Change in Control Benefits” below. |

For total shareholder return-based awards, we have reported the number and market value of shares subject to the awards (together with reinvested dividends and dividend equivalents) that would have vested at December 31, 2024 had the applicable performance and service periods ended at that date. As of December 31, 2024, the performance for these awards as a percentage of target was:

| Total Shareholder Return-Based Awards            |     | Performance as of December 31, 2024 |
|:-------------------------------------------------|:----|:------------------------------------|
| 01/02/24 Award (TSR vs. S&P 500 Utilities Index) |     | 126.00%                             |
| 01/02/24 Award (TSR vs. S&P 500 Index)           |     | 128.25%                             |
| 01/03/23 Award (TSR vs. S&P 500 Utilities Index) |     | 125.25%                             |
| 01/03/23 Award (TSR vs. S&P 500 Index)           |     | 82.30%                              |
| 01/03/22 Award (TSR vs. S&P 500 Utilities Index) |     | 191.50%                             |
| 01/03/22 Award (TSR