Form 4: Spire Director Hightman Acquires Restricted Stock
Insider Transaction Report
Spire Inc. Director Carrie J. Hightman reported the acquisition of 1,640 shares of time-vested restricted common stock at a price of $85.27 per share.
Summary
- Carrie J. Hightman, a Director of Spire Inc. (SR), acquired 1,640 shares of common stock.
- The transaction occurred on February 5, 2026, at a price of $85.27 per share.
- These shares represent an award of time-vested restricted stock, which will vest on August 5, 2026.
- Following this transaction, Ms. Hightman directly owns 1,640 shares of common stock.
- Additionally, Ms. Hightman indirectly holds 1,810 shares in a brokerage account and 29 shares in an IRA.
- Ms. Hightman also holds 5,490 shares of vested Phantom Stock in a deferred income plan, equivalent to one share of Spire Inc. common stock each, payable six months after her separation from the Board.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The acquisition of restricted stock is a standard compensation practice for directors and does not inherently signal significant positive or negative company performance.
Positives
- Director Hightman received an award of 1,640 shares of time-vested restricted stock, indicating continued alignment with shareholder interests.
Negatives
- No specific negative information regarding the company's performance or outlook is contained in this insider transaction report.
Risks
- No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding Spire Inc.'s future performance or strategic direction.
Industry Context
StockSavvy.ai notes that insider transaction reports like this Form 4 are routine disclosures required by the SEC for company directors, officers, and significant shareholders. While this specific filing details an equity award to a director, it does not provide broader insights into industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Carrie J. Hightman granted a Power of Attorney to Matthew J. Aplington, Adam W. Woodard, and Courtney M. Vomund to execute and file Forms 3, 4, and 5 on her behalf with the SEC. | 2026-01-28 | Streamlines the process for Ms. Hightman to comply with Section 16(a) reporting requirements, ensuring timely and accurate disclosure of her beneficial ownership and transactions in Spire Inc. securities. |
Related Party Transactions
- The transaction involves an equity award from Spire Inc. to one of its directors, Carrie J. Hightman, which is a standard form of compensation for an insider.
Stakeholder Impact
- Shareholders: The award of restricted stock aligns the director's interests with shareholders by tying a portion of her compensation to the company's stock performance.
Next Steps
- The 1,640 shares of restricted stock are scheduled to vest on August 5, 2026.
- Phantom Stock held by Ms. Hightman will be payable six months following her separation from the Board of Directors.
Key Dates
| Date | Description |
|---|---|
| 2026-01-28 | Date Power of Attorney was executed by Carrie J. Hightman. |
| 2026-02-05 | Date of transaction for the acquisition of 1,640 shares of common stock. |
| 2026-02-05 | Price of common stock recorded as of the close of business. |
| 2026-02-09 | Date the Form 4 was signed by the attorney-in-fact. |
| 2026-08-05 | Vesting date for the 1,640 shares of time-vested restricted stock. |
Keywords
Spire Inc., SR, Carrie J. Hightman, Director, Form 4, insider transaction, restricted stock, phantom stock, beneficial ownership, equity award
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