Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 84

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 84
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, Safety Measures and Sustainability Measures. For information about the predefined adjustments to earnings for annual bonus plan purposes, please refer to Appendix B to this proxy statement. No bonuses were payable for ABP Earnings of less than $2,807 million and maximum bonuses were payable for ABP Earnings of $3,295 million or more. Target bonuses were set at levels ranging from 175% of base salary for Mr. Martin to 60% of base salary for Ms. Day, with maximum bonuses ranging from 350% to 120% of base salary, respectively. ABP Earnings for 2024 were $3,158 million, performance was at target for the Safety Measures and performance exceeded target for the Sustainability Measures as set forth in Table 11 under “Compensation Discussion and Analysis—Compensation Components—Performance-Based Annual Bonuses—Annual Bonus Performance Results” and in Appendix B to this proxy statement. Accordingly, in February 2025, the Compensation and Talent Development Committee authorized the payment of bonuses to the named executive officers in the amounts reported in the 2024 Summary Compensation Table as non-equity incentive plan compensation earned in 2024.

For the two components of performance-based restricted stock units with a total shareholder return performance measure, the target number of shares will vest if we have achieved a cumulative three-year total shareholder return that places us among the top 50% of the companies in the S&P 500 Utilities Index or S&P 500 Index, as applicable, with additional shares vesting ratably for performance above the 50 thpercentile of the applicable index to the maximum number (200% of the target number) of shares for performance at or above the 90 thpercentile of that index. If our performance does not place us among the top 50%, but is at or above the 25 thpercentile of the companies in the applicable index, the number of shares that will vest declines from the target number of shares at the 50th percentile to 25% of the target number of shares at the 25 thpercentile and zero shares below the 25 thpercentile.

| 72 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

For the performance-based restricted stock units with an EPS growth performance measure, the target number of shares will vest, subject to the Compensation and Talent Development Committee’s discretion (to make adjustments to EPS), if we have achieved a three-year adjusted EPS CAGR ranked at the 50th percentile among our S&P 500