Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 57

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 57
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 level to 200% of target for performance at the maximum level. The committee may apply discretion in determining awards, including determining the results of performance measures and taking into consideration the contributions of each named executive officer or other factors it deems relevant.

| 2025 Proxy Statement |     | 51 |

TABLE OF CONTENTS Executive Compensation

Bonus Opportunities for Named Executive Officers Target bonus opportunities as of December 31, 2024 are expressed as a percentage of each named executive officer’s base salary and as a dollar value below.

| ​Named Executive Officer |     | Target % |     | Target Value |
| Jeffrey W. Martin        |     | 175%     |     |   $2,800,000 |
| Karen L. Sedgwick        |     | 90%      |     |   $  567,000 |
| Justin C. Bird           |     | 90%      |     |   $  702,000 |
| Diana L. Day             |     | 60%      |     |   $  306,000 |
| Trevor I. Mihalik        |     | 100%     |     |   $  950,000 |

Table 8 Annual Bonus Plan Performance Measures For 2024, the Compensation and Talent Development Committee selected earnings, employee and public safety, and environmental, culture and governance criteria for the measurement of annual company performance. The ABP Earnings measure was weighted at 80%, Safety Measures were weighted at 12% and Sustainability Measures were weighted at 8%. For annual bonus plan purposes, ABP Earnings are Sempra’s GAAP net income, excluding earnings attributable to noncontrolling interests and preferred stock dividends and subject to certain other predefined adjustments. ABP Earnings may be higher or lower than earnings reported in our financial statements due to these adjustments, which are described in “Reconciliation of GAAP Earnings to ABP Earnings” below and in Appendix B to this proxy statement. The specific components of the Safety Measures and the Sustainability Measures are described in Tables 10 and 11 below and in Appendix B to this proxy statement. Rationale for Selection of Performance Measures The Compensation and Talent Development Committee selected earnings as the basis of the primary annual bonus plan metric for 2024, weighted at 80%, because it believes this measure continues to provide an accurate and comprehensive picture of annual company financial performance that plan participants, shareholders, analysts and other parties can clearly understand. Safety