Form 4: Spire Inc. Director Paul D. Koonce Reports Acquisition of Restricted Stock

Director Paul D. Koonce reports acquisition of 1,750 shares of Spire Inc. restricted stock and adjustments to beneficial ownership.

Summary

• On February 7, 2025, Paul D. Koonce, a director of Spire Inc., reported acquiring 1,750 shares of common stock.
• These shares represent a time-vested restricted stock award that will vest on August 7, 2025.
• The acquisition was made at a price of $71.38 per share.
• Following the transaction, Mr. Koonce directly owns 3,900 shares of common stock.
• Mr. Koonce also indirectly owns 8,846 shares of Series A Cumulative Redeemable Perpetual Preferred Stock, 2,425 shares of common stock, and 5,000 shares of common stock held in an IRA.
• These indirectly held shares are held in a revocable trust where Mr. Koonce has sole voting and dispositive power.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing related to stock ownership. The acquisition of restricted stock is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of restricted stock by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock on August 7, 2025, suggests a continued relationship between the director and the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is common in executive compensation packages.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates

Keywords

Form 4, beneficial ownership, Spire Inc., SR, Paul D. Koonce, restricted stock, director, acquisition