Form 4: Spire Inc. CEO Scott Edward Doyle Acquires Phantom Stock Through Deferred Income Plan

CEO Scott Edward Doyle of Spire Inc. reports the acquisition of phantom stock units through a deferred income plan, each equivalent to one share of Spire Inc. common stock.

Summary

• On May 2, 2025, Scott Edward Doyle, CEO and President of Spire Inc., acquired phantom stock through the company's deferred income plan.
• Doyle acquired 686 phantom stock units at a price of $76.48 each, with vesting occurring on November 22, 2027.
• The phantom stock represents the economic equivalent of Spire Inc. common stock and will be payable in cash in January of the years 2029, 2030, 2031, 2032 and 2033.
• Doyle now beneficially owns between 5,656 and 8,400 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The filing reflects standard executive compensation practices and aligns management's interests with shareholders through deferred stock awards.

Positives

• The acquisition of phantom stock by the CEO demonstrates his continued investment and alignment with the company's long-term performance.

Future Outlook

The phantom stock vests in November 2027 and is payable in cash in January of the years 2029, 2030, 2031, 2032 and 2033, aligning the executive's compensation with the long-term performance of the company.

Industry Context

This filing is a routine disclosure of executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock awards, are a common practice among publicly traded companies to incentivize and retain key executives.
• The vesting schedule and payout terms are typical for such arrangements, aligning executive compensation with long-term company performance.
• Comparing Spire Inc.'s executive compensation structure with peers in the utilities sector would provide further context on its competitiveness and alignment with industry norms.

Stakeholder Impact

• Shareholders may view the CEO's acquisition of phantom stock positively, as it aligns his interests with the company's long-term success.
• Employees may see this as a sign of confidence in the company's future.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Deferred Income Plan, Spire Inc., Scott Edward Doyle, SR