Form 4: Spire Inc. Director Paul D. Koonce Acquires Shares in Personal Transaction

Director Paul D. Koonce of Spire Inc. purchased 1,000 shares of common stock at $73.61 per share on December 2, 2024.

Summary

• Paul D. Koonce, a director at Spire Inc., acquired 1,000 shares of common stock on December 2, 2024, at a price of $73.61 per share.
• Following this transaction, Mr. Koonce directly owns 2,150 shares of common stock.
• He also indirectly owns 2,425 shares of common stock and 8,846 shares of 5.9% Series A Cumulative Redeemable Perpetual Preferred Stock through a revocable trust.
• Additionally, Mr. Koonce indirectly holds 5,000 shares of common stock through an IRA.

Sentiment

Score: 6

Explanation: The document reflects a routine insider transaction, which is neither particularly positive nor negative. It indicates a director's investment in the company, which can be seen as a neutral to slightly positive signal.

Positives

• The purchase of shares by a director may signal confidence in the company's future prospects.

Industry Context

This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transaction is typical of directors purchasing shares in their own company, which is a common occurrence.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it indicates a director's confidence in the company.

Key Dates

Keywords

Spire Inc, insider trading, Form 4, stock purchase, director, Paul D. Koonce, common stock, preferred stock, revocable trust, IRA