Form 4: Spire Inc. Executive Matthew J. Aplington Reports Stock Transactions
SEC Form 4 Filing
Spire Inc.'s VP, Chief Legal Officer, Matthew J. Aplington, reported multiple transactions involving company stock on November 29, 2024, including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- Matthew J. Aplington, VP and Chief Legal Officer of Spire Inc., reported several transactions involving the company's common stock on November 29, 2024.
- These transactions include the disposal of 85 shares at $73.19 per share to cover taxes related to the vesting of 200 time-vested stock units.
- Additionally, 582 performance-contingent restricted stock units vested and settled in stock at $73.19 per share.
- A further 246 shares were disposed of at $73.19 per share to cover taxes related to the vesting of the 582 performance-contingent restricted units.
- Following these transactions, Mr. Aplington beneficially owns 3,240 shares of Spire Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive stock transactions, which are neither positive nor negative in themselves. The sentiment is neutral to slightly positive due to the vesting of performance-based units.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- The vesting of restricted stock units and the subsequent sale of shares to cover tax obligations are standard practices in executive compensation packages across various industries.
- Similar transactions are regularly reported by executives at comparable companies, such as those in the utilities sector, where equity-based compensation is a common component of total remuneration.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/29/2024 | Date of the reported stock transactions. |
| 12/02/2024 | Date of signature on the Form 4 filing. |
Keywords
Spire Inc, stock transactions, insider trading, restricted stock units, performance-based compensation, executive compensation, Form 4, Matthew J. Aplington
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