Form 4: Spire Executive Reports Routine Stock Transactions

Spire Inc.'s SVP, CAO, and Corporate Secretary, Courtney M. Vomund, reported multiple stock transactions including vesting of restricted stock and new awards.

Summary

• Courtney M. Vomund, Spire Inc.'s SVP, CAO, and Corporate Secretary, reported several stock transactions on November 18, 2025.
• Disposed of 148 shares of Common Stock at a price of $86.16 per share, representing shares withheld for tax payment incident to the vesting of time-vested restricted stock.
• Acquired 1,177 shares of Common Stock at $86.16 per share, resulting from the vesting and settlement of performance contingent restricted stock units based on non-market performance metrics.
• Disposed of 495 shares of Common Stock at $86.16 per share, representing shares withheld for tax payment incident to the vesting of the 1,177 performance contingent restricted stock units.
• Acquired an award of 970 shares of time-vested restricted stock at $86.16 per share, which is scheduled to vest on November 18, 2028.
• Following these transactions, Vomund directly beneficially owns 5,057 shares of Common Stock.
• Holds 55 shares of phantom stock in the Company's Deferred Income Plan, with each unit being the economic equivalent of one share of Spire Inc. common stock, payable in cash in 5 equal lump sum payments from January 2027 to January 2031.

Sentiment

Score: 6

Explanation: The filing reflects routine executive compensation activities, including both stock acquisitions through vesting and new awards, and disposals for tax purposes. It indicates ongoing executive incentive and retention without significant positive or negative surprises for the company's operational or financial health.

Positives

• Acquisition of 1,177 shares of Common Stock from vested performance contingent restricted stock units indicates the achievement of performance metrics by the executive.
• Award of 970 shares of time-vested restricted stock demonstrates continued long-term incentive and retention for the executive.

Negatives

• Disposal of 148 shares and 495 shares of Common Stock for tax withholding purposes reduces the executive's direct beneficial ownership.

Future Outlook

The award of time-vested restricted stock vesting in November 2028 and phantom stock payments extending to January 2031 indicate a long-term incentive structure for the executive, aligning their interests with the company's future performance.

Industry Context

These transactions represent routine executive compensation and tax-related activities, which are common across publicly traded companies. They reflect standard long-term incentive plans designed to retain key executives and align their interests with shareholder value.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices, which are part of the overall cost of doing business and executive retention strategy. No direct material impact on share price is implied beyond routine market activity.

Next Steps

• Vesting of 970 shares of time-vested restricted stock on November 18, 2028.
• Cash payments for 55 phantom stock units in 5 equal lump sums from January 2027 to January 2031.

Key Dates

Recommendation

This Form 4 filing details routine executive stock transactions related to compensation, including vesting and new awards, along with tax withholdings. Such filings are generally not considered price-sensitive and do not provide new information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. The transactions are expected as part of standard executive incentive plans.

Keywords

Spire Inc., SR, Form 4, Insider Trading, Executive Compensation, Restricted Stock, Phantom Stock, Stock Transactions, Courtney M. Vomund