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Sempra Executive Compensation (FY25)

SRE · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jeffrey Martin
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 14, 2026
12 filings cited on this page
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487 figures on this page: 479 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jeffrey Martin: $21,513,802 → $22,245,589 (3.4% higher)
Say-on-pay support: 94.7% → 87.5% (7.2 points lower)
CEO pay ratio: 172:1 → 130:1 (24.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sempra's chief executive and what were they paid?
Jeffrey Martin was paid $22,245,589 in total compensation as Chairman, Chief Executive Officer and President for fiscal 2025. Martin's total moved 3.4% higher from the $21,513,802 reported for fiscal 2024.
What was Sempra's say-on-pay result?
Shareholders supported the say-on-pay proposal with 87.5% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Sempra's peer group?
The disclosed peer group names Air Products and Chemicals, American Electric Power Company, Inc., American Tower Corporation, Analog Devices, Inc. and CenterPoint Energy, Inc., among others.
What is Sempra's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 130:1, against median employee compensation of $171,317.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Martin
Chairman, Chief Executive Officer and President
◇◇◇◇—◇◇◇
Kevin Sagara
Executive Vice President and Group President
◇◇◇◇—◇◇◇
Trevor Mihalik
Executive Vice President and Chief Financial Officer
◇◇◇◇—◇◇◇
Karen Sedgwick
Chief Administrative Officer and Chief Human Resources Officer
◇◇◇——◇◇◇
Peter Wall
Senior Vice President, Controller and Chief Accounting Officer
◇◇◇——◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Martin
Chairman, Chief Executive Officer and President
◇◇◇◇—◇◇◇
Kevin Sagara
Former Executive Vice President and Group President
Departed during or after this year
◇◇◇◇—◇◇◇
Karen Sedgwick
Chief Administrative Officer and Chief Human Resources Officer
◇◇◇——◇◇◇
Trevor Mihalik
Executive Vice President and Chief Financial Officer
◇◇◇◇—◇◇◇
Peter Wall
Senior Vice President, Controller and Chief Accounting Officer
◇◇◇——◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Martin
Chairman, Chief Executive Officer and President
◇◇◇◇—◇◇◇
Trevor Mihalik
Executive Vice President and Group President, California
◇◇◇◇—◇◇◇
Justin Bird
Executive Vice President
◇◇◇◇—◇◇◇
Karen Sedgwick
Executive Vice President and Chief Financial Officer
◇◇◇◇—◇◇◇
Diana Day
Chief Legal Counsel
◇◇◇——◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Martin
Chairman, Chief Executive Officer and President
◇◇◇◇—◇◇◇
Justin Bird
Executive Vice President
◇◇◇◇—◇◇◇
Karen Sedgwick
Executive Vice President and Chief Financial Officer
◇◇◇◇—◇◇◇
Caroline Winn
Executive Vice President
◇◇◇——◇◇◇
Diana Day
Chief Legal Counsel
◇◇◇——◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Caroline A. WinnPSU◇◇◇—◇—◇
Caroline A. WinnPSU◇◇◇—◇—◇
Caroline A. WinnPSU◇◇◇—◇—◇
Caroline A. WinnRSU◇——◇——◇
Diana L. DayRSU◇——◇——◇
Diana L. DayPSU◇◇◇—◇—◇
Diana L. DayPSU◇◇◇—◇—◇
Diana L. DayPSU◇◇◇—◇—◇
Jeffrey W. MartinOPTION◇——◇—◇◇
Jeffrey W. MartinPSU◇◇◇—◇—◇
Jeffrey W. MartinPSU◇◇◇—◇—◇
Jeffrey W. MartinPSU◇◇◇—◇—◇
Justin C. BirdOPTION◇——◇—◇◇
Justin C. BirdPSU◇◇◇—◇—◇
Justin C. BirdPSU◇◇◇—◇—◇
Justin C. BirdPSU◇◇◇—◇—◇
Karen L. SedgwickOPTION◇——◇—◇◇
Karen L. SedgwickPSU◇◇◇—◇—◇
Karen L. SedgwickPSU◇◇◇—◇—◇
Karen L. SedgwickPSU◇◇◇—◇—◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexOPTION———◇—◇◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexOPTION———◇—◇◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexRSU———◇——◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexPSU—◇◇—◇—◇
Utilities IndexOPTION———◇—◇◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Justin BirdOption◇—◇01/01/34
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇01/01/35
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
Caroline WinnPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Karen SedgwickOption◇—◇—
Option◇—◇01/01/35
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇01/01/34
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Diana DayPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Jeffrey MartinOption◇—◇01/01/33
PSU◇◇——
PSU◇◇——
Option◇—◇—
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇01/01/34
Option◇—◇01/01/35
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Caroline Winn
Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Diana Day
Chief Legal Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Jeffrey Martin
Chairman, Chief Executive Officer and President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Karen Sedgwick
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cynthia J. Warner
Lead independent director
◇◇———◇◇
Jack T. Taylor
◇◇——◇◇◇
Michael N. Mears
◇◇——◇◇◇
Andrés Conesa
◇◇——◇—◇
Jennifer M. Kirk
◇◇——◇◇◇
Richard J. Mark
◇◇———◇◇
Kevin C. Sagara
◇◇——◇◇◇
James C. Yardley
◇◇———◇◇
Pablo A. Ferrero
◇◇——◇—◇
Anya Weaving
◇◇———◇◇
Jeffrey W. Martin served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as RSUs/Phantom Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Air Products and Chemicals APD
  • American Electric Power Company, Inc. AEP
  • American Tower Corporation AMT
  • Analog Devices, Inc. ADI
  • CenterPoint Energy, Inc. CNP
  • Cheniere Energy, Inc. LNG
  • Corning Incorporated GLW
  • Dominion Energy, Inc. D
  • Duke Energy Corporation DUK
  • Edison International EIX
  • Entergy Corporation ETR
  • Hilton Worldwide Holdings Inc. HLT
  • Illinois Tool Works Inc. ITW
  • International Flavors & Fragrances Inc. IFF
  • IQVIA Holdings Inc. IQV
  • Jacobs Solutions Inc. J
  • Kimberly-Clark Corporation KMB
  • L3Harris Technologies, Inc. LHX
  • Marsh & McLennan Companies, Inc. MMC
  • MPLX LP MPLX
  • NextEra Energy, Inc. XIFR
  • PG&E Corporation PCG
  • Public Service Enterprise Group Inc. PEG
  • Schlumberger Limited SLB
  • Textron Inc. TXT
  • The Interpublic Group of Companies IPG
  • The Southern Company SO
  • The Williams Companies, Inc. WMB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 12, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020May 14, 2021=◇◇◇
2019May 5, 2020=◇◇◇
2018May 9, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Jeffrey Martin (Chairman, Chief Executive Officer and President), FY2025 total compensation $22,245,589 (base salary $1,700,000) [exec_comp, SEC accession 0001193125-26-127603, filed 2026-03-27]

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What this page does not include

Everything above is a fact Sempra disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
487 figures on this page: 479 cited to the filing that reported them, 8 calculated from figures it prints.
479 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001032208-26-000032
  2. 0001193125-26-127603
    2025 GRANTS OF PLAN-BASED AWARDS · Compensation Discussion and Analysis · Compensation Tables · Director Compensation · and 1 more section
  3. 0001032208-25-000030
  4. 0001140361-25-010983
    2024 SUMMARY COMPENSATION TABLE
  5. 0001032208-24-000017
  6. 0001140361-24-014929
    2023 SUMMARY COMPENSATION TABLE
  7. 0001032208-23-000034
  8. 0001140361-23-014423
    2022 SUMMARY COMPENSATION TABLE · Compensation Tables · Summary Compensation Table
  9. 0001032208-22-000026
  10. 0001032208-21-000019
  11. 0001032208-20-000025
  12. 0001193125-19-145350
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Velarion, “Sempra executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SRE (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Sempra discloses

The companies named in SRE's own disclosed peer group.

Air Products and ChemicalsAmerican Electric Power Company, Inc.American Tower CorporationAnalog Devices, Inc.CenterPoint Energy, Inc.Cheniere Energy, Inc.Corning IncorporatedDominion Energy, Inc.Duke Energy CorporationEdison InternationalEntergy CorporationHilton Worldwide Holdings Inc.Illinois Tool Works Inc.International Flavors & Fragrances Inc.IQVIA Holdings Inc.Jacobs Solutions Inc.Kimberly-Clark CorporationL3Harris Technologies, Inc.Marsh & McLennan Companies, Inc.NextEra Energy, Inc.PG&E CorporationPublic Service Enterprise Group Inc.Schlumberger LimitedTextron Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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