Form 4: Spire Inc. Executive Matthew J. Aplington Acquires Restricted Stock

Spire Inc.'s VP, Chief Legal Officer, Matthew J. Aplington, acquired 1,310 shares of restricted stock on November 22, 2024, which will vest on November 22, 2027.

Summary

• Matthew J. Aplington, VP and Chief Legal Officer of Spire Inc., acquired 1,310 shares of common stock on November 22, 2024.
• The shares were awarded as restricted stock at a price of $72.55 per share.
• These shares will vest on November 22, 2027.
• Following the transaction, Aplington directly owns 2,989 shares of Spire Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it indicates executive alignment with the company's long-term performance. The sentiment is not overly positive or negative.

Positives

• The acquisition of restricted stock by a key executive may indicate confidence in the company's future performance.

Future Outlook

The restricted stock will vest on November 22, 2027.

Industry Context

This is a standard Form 4 filing, which is common for publicly traded companies when executives acquire or dispose of company stock. It is a routine disclosure required by the SEC.

Comparison to Industry Standards

• The vesting period of three years for restricted stock is a common practice in executive compensation packages.
• The price of $72.55 per share is the market price at the time of the award, which is standard practice.
• Other companies in the utilities sector, such as Atmos Energy and NiSource, also use restricted stock as part of executive compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.

Key Dates

Keywords

Spire Inc, insider trading, restricted stock, executive compensation, Matthew J. Aplington, Form 4, equity