Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 72

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 72
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 Roles and Responsibilities Overview The Compensation and Talent Development Committee’s primary role is to establish our compensation principles and policies and design and oversee our executive compensation program. The Compensation and Talent Development Committee reviews, determines and approves the compensation levels, including base salary and performance standards and levels of awards under annual and long-term incentive plans, for our Chief Executive Officer and other executive officers. The Compensation and Talent Development Committee typically holds three regularly scheduled meetings each year and additional meetings when needed. The committee’s Chair approves the agenda prior to each meeting. Each member of the committee is required to be:

| • | An independent director under NYSE’s independence standards and applicable SEC rules |

| • | A non-employee director under Rule 16b-3 under the Exchange Act |

The Compensation and Talent Development Committee:

| • | Sets its regular meeting dates and standing agenda items annually |

| • | Considers standing agenda items and other topics at each meeting |

| • | Holds an executive session without management present at each regular meeting |

| • | Retains its own independent compensation advisor |

| • | Recommends changes to its charter for approval by the board as needed |

| • | Conducts an annual self-assessment of its effectiveness in compliance with its charter |

| • | Provides regular updates to the full board regarding its proceedings, recommendations and decisions |

The Compensation and Talent Development Committee’s charter is available on our website at www.sempra.com under the “Corporate governance” tab of the “Investors” tab. The Compensation and Talent Development Committee’s major responsibilities are discussed under “Corporate Governance—Board Committees—Compensation and Talent Development Committee” above.

| 62 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

Tally Sheets In addition to other information it considers relevant, the Compensation and Talent Development Committee uses tally sheets to review and evaluate our executive compensation and benefit programs as a whole. These tally sheets, along with information prepared annually for our proxy statement, provide:

| • | Information for analyzing the design, operation and effectiveness of our executive compensation program |

| • | The total dollar value of executives’ accumulated compensation and benefits, including holdings of our common stock and realized and unrealized gains under equity-based compensation awards, estimated pension benefits and deferred compensation balances |

| • | Information on change in control scenarios |

The committee does not rely on tally sheets to establish specific pay levels. Instead, pay levels are based primarily on external market data and other considerations described under “Labor Market Reviews” above. The Compensation and Talent Development Committee’s