Insider sale details
Sempra (NYSE:SRE) Executive Vice President Justin Christopher Bird sold 1,128 shares of Sempra common stock on April 1, 2026, at a price of $96.69 per share, producing total proceeds of $109,066. The transaction took place while the company's shares were trading near a 52-week high of $98.45, following a reported 40% increase in the stock's value over the past year.
Following the disposition, Bird directly holds 21,631.51 shares of Sempra common stock. In addition to his direct ownership, he indirectly owns 4,722.09 shares through a 401(k) savings plan.
The sale was executed pursuant to a pre-arranged trading plan that Bird established on September 18, 2024. The plan was implemented in accordance with Rule 10b5-1(c), which governs specified trading arrangements for company insiders.
Concurrent capital markets activity
Alongside the insider transaction, Sempra and an indirect subsidiary continued active capital-raising efforts. San Diego Gas & Electric Company, an indirect subsidiary of Sempra, completed a public offering totaling $1.1 billion in first mortgage bonds. The issuance was split into $625 million of 5.200% First Mortgage Bonds, Series DDDD, due 2036, and $475 million of 5.950% First Mortgage Bonds, Series EEEE, due 2056.
The company reported that the proceeds, after underwriting discounts but before other offering expenses, equaled 99.104% of principal for the Series DDDD Bonds and 98.517% of principal for the Series EEEE Bonds. The bond offering was carried out with a syndicate of underwriters that included BofA Securities and Goldman Sachs & Co. LLC.
Separately, Sempra completed a public offering of $800 million in 5.250% notes due 2036. After underwriting discounts, the proceeds from that offering were approximately $793.4 million. Those notes were sold under a prospectus supplement filed with the U.S. Securities and Exchange Commission.
Context and takeaways
The insider sale and the concurrent debt issuances reflect discrete actions recorded on the company's public filings: a pre-arranged sale by an executive and completed capital market transactions by Sempra and its indirect subsidiary. The filings specify the mechanics and economics of the offerings, including coupon rates, maturities, principal amounts, underwriting discounts and the participating underwriters.
These items were disclosed in the companies' respective offering documents and related filings, which detail the proceeds percentages after underwriting discounts and the regulatory filing under which the notes were offered.