Form 4: Spire Inc. Executive Michael Geiselhart Reports Phantom Stock Transfer
SEC Form 4 Filing
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 August 6, 2024, reporting a transaction involving phantom stock.
- On August 2, 2024, Geiselhart transferred phantom stock from a performance contingent stock account to a fixed rate account within his deferred income plan.
- The transaction involved 1,832.2 shares of phantom stock, with each share representing the economic equivalent of one share of Spire Inc. common stock.
- Following the reported transaction, Geiselhart beneficially owns 26,252 shares of common stock directly and 21,559.8 shares of phantom stock indirectly.
- The price of the derivative security (phantom stock) was $66.11.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and deferred income plans, 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 |
|---|---|
| 2020-01-15 | Date of Power of Attorney execution. |
| 2024-08-02 | Date of phantom stock transaction. |
| 2024-08-06 | Date Form 4 was filed. |
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