Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 471

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 471
---
 millions, except per share amounts) December 31, 20242023$25 par value, authorized 1,000,000 shares:6% Series, 79,011 shares outstanding$3 $3 6% Series A, 783,032 shares outstanding19 19 SoCalGas - Total preferred stock22 22 Less: 50,970 shares of the 6% Series outstanding owned by Pacific Enterprises(2)(2)Sempra - Total preferred stock of subsidiary$20 $20 None of SoCalGas’ outstanding preferred stock is callable, and no shares are subject to mandatory redemption.All outstanding shares have one vote per share, cumulative preferences as to dividends and liquidation preferences of $25 per share plus any unpaid dividends.In addition to the outstanding preferred stock above, SoCalGas’ articles of incorporation authorize 5,000,000 shares of series preferred stock and 5,000,000 shares of preference stock, both without par value and with cumulative preferences as to dividends and liquidation value. The preference stock would rank junior to all series of preferred stock and series preferred stock. Other rights and privileges of any new series of such stock would be established by the SoCalGas board of directors at the time of issuance.The preferred stock at SoCalGas is presented at Sempra as NCI. Sempra records charges against income related to NCI for preferred dividends declared by SoCalGas.

2024 Form 10-K  |  F-113

NOTE 12. SEMPRA – EQUITY AND EARNINGS PER COMMON SHARE

COMMON STOCKWe are authorized to issue 1,125,000,000 shares of Sempra’s no par value common stock. The following table provides common stock activity for the last three years.COMMON STOCK ACTIVITY 202420232022Sempra:Common shares outstanding, January 1631,431,732 628,669,356 633,839,564 Shares issued under forward sale agreements17,142,858 — — Shares issued to underwriters to cover overallotments— 2,099,152 — RSUs vesting(1)1,320,561 941,910 914,444 Stock options exercised143,944 — 81,260 Common stock investment plan(2)1,151,877 1,730 — Issuance of RSUs held in our Deferred Compensation Plan128,207 132,178 130,026