Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 76

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 76
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 other equity awards as part of annual compensation planning that is typically completed in December, with awards granted to eligible employees on the first NYSE trading day of January.Additionally, special equity awards may be granted at other times in connection with new hires, employees receiving promotions, to reward extraordinary performance or to promote retention. These special equity awards may be granted on the first NYSE trading day of a calendar quarter, on the date of hire or date of promotion, or on such other date determined by the Compensation and Talent Development Committee. We do not time grants of equity awards based on the release of material nonpublic information, nor do we time the release of material nonpublic information based on equity award grant dates, vesting events or sale events.For all stock option awards, the exercise price is the grant date closing price of our common stock on the NYSE. If the grant date falls on a non-trading day, the exercise price is the closing price of our common stock on the NYSE on the last trading day preceding the date of grant. None of our named executive officers received special equity awards in 2024. During 2024, we did not grant equity awards to our named executive officers during the four business days prior to or the one business day following the filing of our periodic reports on Form 10-Q or Form 10-K or the filing or furnishing of a current report on Form 8-K that discloses material nonpublic information. We have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation in 2024. Share Ownership Guidelines Our Board of Directors has established share ownership guidelines for officers of Sempra and its subsidiaries to further strengthen the link between executive and shareholder interests. The guidelines set minimum levels of share ownership that these officers must achieve and maintain. For officers, the guidelines are:

| Executive Level                                                                         |     | Share Ownership |
| Chief Executive Officer                                                                 |     | 8x base salary  |
| Corporate Group Presidents and Executive Vice Presidents                                |     | 4x base salary  |
| Subsidiary Chief Executive Officers, U.S.-based Presidents and Chief Operating Officers |     | 3x base salary  |
| U.S.-based Senior Vice Presidents                                                       |     | 2x base salary  |
| Vice Presidents and non-U.S.-based Officers                                             |     | 1x base salary  |

Table 21 We believe our share ownership guidelines are robust relative to prevalent market practices. Based on Exequity’s review of data for our