Form 4: Spire Inc. Executive Gerard J. Gorla Reports Stock Sale
SEC Form 4
Gerard J. Gorla, VP and Chief HR Officer of Spire Inc., reported the sale of 500 shares of common stock on August 22, 2024.
Summary
- On August 22, 2024, Gerard J. Gorla, VP and Chief HR Officer of Spire Inc., sold 500 shares of common stock at a price of $64.82 per share.
- Following the transaction, Mr. Gorla directly owns 7,311 shares of Spire Inc.
- Mr. Gorla also indirectly owns 5,501.027 shares held in the company's 401(k) plan and 100 shares held in a brokerage account with his wife.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 2024-01-25 | Date of Power of Attorney execution. |
| 2024-08-21 | Date of trustee report for shares held in Company stock fund of 401(k) plan. |
| 2024-08-22 | Date of the transaction (stock sale). |
| 2024-08-23 | Date of signature on the report. |
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