Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 24

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 24
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, which governs, among other things, the purchase, sale and/or other dispositions of its securities by its directors, officers and employees and by employees of subsidiaries as to which Sempra has majority ownership and control, that we believe is reasonably designed to promote compliance with insider trading laws, rules and regulations, and NYSE listing standards, as applicable. This policy has been filed as Exhibit 19.1 to the company’s Annual Report on Form 10-K for the year ended December 31, 2024 (2024 Form 10-K). Although the company has not adopted a specific policy governing its own transactions in its securities, the company is committed to complying with applicable laws related to such transactions. Succession Planning and Management Development Our Compensation and Talent Development Committee oversees and regularly evaluates leadership succession planning practices and results. The committee reports annually to the Board of Directors on succession planning, including on principles for executive officer selection. As part of its succession planning efforts, in February 2025, the Compensation and Talent Development Committee changed Mr. Martin’s retirement age from 65 to 67. Under company policy, executive officers are generally expected to retire at age 65, subject to the discretion of the committee to grant extensions. Review of Related Person Transactions SEC rules require us to describe any transaction since the beginning of 2024 or any currently proposed transaction, in each case involving more than $120,000, in which we were or will be a participant and any of our directors, director nominees, executive officers, persons or entities known by us to be a beneficial owner of more than 5% of our common stock, or any member of their respective immediate families, had or will have a direct or indirect material interest. The charter of our Corporate Governance Committee requires the committee to review and approve any such “related person transaction” that is required to be disclosed. When evaluating any such transaction, the Corporate Governance Committee focuses on a variety of factors on a case-by-case basis, which may include, among other things, the identity of the related person, the nature and terms of the transaction, the interest of the related person in the transaction and the dollar amount involved. There have been no transactions requiring such review since the beginning of 2024. Director Orientation and Education Programs Every new director participates in an orientation program and receives materials and briefings to acquaint him or her with our businesses, industry, management and corporate governance policies and practices. Continuing education is provided for all directors through board materials and presentations, discussions with management, visits to corporate facilities