Form 4: Spire Inc. Executive Michael Geiselhart Reports Phantom Stock Transfer
SEC Form 4
Senior Vice President Michael Geiselhart reports a transfer of phantom stock within his deferred income plan.
Summary
- Michael C. Geiselhart, a Senior Vice President at Spire Inc., filed a Form 4 on September 6, 2024, regarding a transaction on September 5, 2024.
- The transaction involved phantom stock, which is the economic equivalent of Spire Inc. common stock.
- Geiselhart transferred 2,394.36 shares of phantom stock from a performance contingent stock account to a fixed rate account within his deferred income plan.
- The price per share at the time of the transaction was $65.96.
- Following the transaction, Geiselhart directly owns 5,070 derivative securities.
- Geiselhart also directly owns 26,252 shares of Spire Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a routine transaction. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves internal transfers within an executive's deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| January 15, 2020 | Date of Power of Attorney execution. |
| September 05, 2024 | Date of phantom stock transaction. |
| September 06, 2024 | Date of Form 4 filing. |
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