Sempra management check
SRE · Utilities · Multi-Utilities · CEO Mr. Martin
Filings as of
3 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $163, against $159 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.14 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $1.3m sold in six months. 1 of 4 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.7% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Mr. Martin. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 53 | 53 | |
| Pay for performance | 57 | 81 | |
| CEO cost | — | — | 50 |
| Skin in the game | — | — | 45 |
| Dilution | 29 | 37 | |
| Stable leadership | 90 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Multi-Utilities, by management score. Sempra is 9th of 30 in its sector.
- 146NEENextEra Energy72
- 210CMSCMS Energy68
- 226AEEAmeren66
- 227SRESempra66
- 242NINiSource65
- 244CNPCenterPoint Energy65
- 245XELXcel Energy64
- 330DDominion Energy59
- 337PNWPinnacle West Capital59
- 361EDConsolidated Edison57
Pay versus performance
From the proxy statement filed March 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Martin | $22.2m | $11.7m | $5.5m | $163 | $159 | — |
| 2024 | — | $21.5m | $28.1m | $6.4m | $156 | $137 | — |
| 2023 | — | $27.4m | $11.5m | $6.6m | $129 | $111 | — |
| 2022 | — | $18.6m | $34.2m | $4.2m | $129 | $120 | — |
| 2021 | — | $24.7m | $11.8m | $4.7m | $107 | $118 | — |
The board says pay is tied most to ABP Earnings. Its other key measures: Relative TSR vs. S&P 500 Utilities Index, Relative TSR vs. S&P 500 Index, EPS Growth, Safety Measures, RBP Measures.
Insiders and the CEO's stake
Light activity: no buys, $1.3m sold in six months. 1 of 4 sales ran on pre-arranged 10b5-1 plans.
- SoldCaroline Ann WinnExecutive Vice President$724kJun 17, 2026
- SoldDiana L DayChief Legal Counsel · 10b5-1 plan$304kMay 14, 2026
- SoldPablo FerreroDirector$233kMay 18, 2026
Leadership and governance on file
- Jul 9, 2026Leadership change8-K 5.02
- Jun 23, 2025Leadership change8-K 5.02
- Feb 10, 2025Leadership change8-K 5.02
- Sep 13, 2024Leadership change8-K 5.02
- Sep 9, 2024Leadership change8-K 5.02
- Jun 20, 2024Leadership change8-K 5.02
- Nov 27, 2023Leadership change8-K 5.02
- Oct 16, 2023Leadership change8-K 5.02
- Sep 8, 2023Leadership change8-K 5.02
- Aug 17, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 14, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $8.3bn returned to owners in buybacks and dividends, 74% of net income, and $364.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.7bn | $13.7bn | $14.8bn | $11.8bn | $12.4bn |
| Net income | $1.3bn | $2.1bn | $3.1bn | $2.9bn | $1.8bn |
| Stock-based pay | $63.0m | $71.0m | $80.0m | $86.0m | $64.0m |
| Buybacks | $339.0m | $478.0m | $32.0m | $43.0m | $58.0m |
| Dividends | $1.3bn | $1.4bn | $1.5bn | $1.5bn | $1.6bn |
| Diluted shares | 626m | 633m | 633m | 638m | 654m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.