Form 4: Spire CEO's Routine Stock Transaction Details
Statement of Changes in Beneficial Ownership
Spire Inc. CEO Scott Edward Doyle reported a routine transaction involving shares withheld for tax purposes and a phantom stock award.
Summary
- Scott Edward Doyle, CEO and President of Spire Inc. (SR), reported changes in his beneficial ownership of company securities.
- 1,359 shares of Common Stock were disposed of (withheld) for the payment of taxes incident to the vesting of 3,420 shares of time-vested restricted stock.
- The transaction occurred on January 20, 2026, with a price of $83.59 per share.
- Following this transaction, Mr. Doyle beneficially owns 8,441 shares of Common Stock directly.
- Mr. Doyle was awarded 8,400 shares of phantom stock, which are the economic equivalent of one share of Spire Inc. common stock each.
- The phantom stock vests on November 22, 2027, and is payable in cash in January 2029, 2030, 2031, 2032, and 2033.
Sentiment
Score: 5
Explanation: This is a routine insider transaction (tax withholding and deferred compensation) and does not indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The filing details future vesting and payment schedules for phantom stock, with vesting on November 22, 2027, and cash payments scheduled annually from January 2029 through January 2033.
Management Comments
- The transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Industry Context
This Form 4 filing details a routine insider transaction for Spire Inc.'s CEO, which is a standard disclosure for executive compensation and stock ownership changes within the utility industry and across publicly traded companies.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, pre-scheduled insider transaction related to executive compensation and tax obligations.
Next Steps
- Vesting of 8,400 shares of phantom stock on November 22, 2027.
- Cash payments for phantom stock in January 2029, 2030, 2031, 2032, and 2033.
Key Dates
| Date | Description |
|---|---|
| 2026-01-17 | Original reported vesting date for 3,420 shares of time-vested restricted stock (fell on a Saturday). |
| 2026-01-19 | Securities and Exchange Commission holiday (Monday). |
| 2026-01-20 | Actual transaction date for shares withheld for tax payment incident to restricted stock vesting. |
| 2026-01-21 | Signature date of the reporting person for the Form 4 filing. |
| 2027-11-22 | Vesting date for 8,400 shares of phantom stock. |
| 2029-01 | First payment month for phantom stock. |
| 2030-01 | Payment month for phantom stock. |
| 2031-01 | Payment month for phantom stock. |
| 2032-01 | Payment month for phantom stock. |
| 2033-01 | Final payment month for phantom stock. |
Keywords
Spire Inc., SR, Scott Edward Doyle, Form 4, Insider Transaction, Restricted Stock, Phantom Stock, CEO, Beneficial Ownership
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