Jeffrey W. Martin is the CEO and President of Sempra Energy, a major energy company serving millions in the U.S. Martin has been with the company for nearly 20 years, holding multiple leadership roles including CFO of its subsidiaries. His...

Number of Employees

16.84K

Year

2023

Total Compensation

$6.97M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes performance-based incentives aligned with shareholder value creation, linking executive compensation to both annual and long-term business performance.

Bonus

$4.63M

Board Justification

The bonus is based on performance metrics including ABP Earnings, Safety Measures, and Sustainability Measures, achieving a performance score of 176% of target for 2023.

Other

$834.82K

Board Justification

Other compensation includes contributions to retirement plans, insurance premiums, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023 as the focus is on performance-based awards that vest based on future performance metrics.

Performance Metrics

The performance metrics for 2023 included ABP Earnings, Safety Measures, and Sustainability Measures.

SEC Filing

From March 25, 2024

Jeffrey W. Martin

CEO of Sempra Energy

S

Education

University of California, Berkeley, Bachelor of Arts in Business Administration

Field of Expertise

Business & Management

Born

May 1, 1965 - 59 years ago

Is Founder?

No

Current Tenure

5 years 0 months (Jan 2020 - Present)

Previous Experience

Chief Executive Officer, President and Chairman of San Diego Gas & Electric