Form 4: Spire Inc. Executive Ryan L. Hyman Reports Stock Transactions

Spire Inc. SVP, CIIO Ryan L. Hyman reports the acquisition and disposal of company stock related to vesting of restricted stock units.

Summary

• Ryan L. Hyman, SVP, CIIO of Spire Inc., reported several transactions involving the company's common stock on November 29, 2024.
• These transactions include the disposal of 250 shares to cover taxes related to vesting of restricted stock, the acquisition of 2,430 shares from performance-based restricted units, and the disposal of 712 shares to cover taxes related to the vesting of those performance-based units.
• Following these transactions, Hyman directly owns 16,591 shares of Spire Inc. common stock.
• Hyman also holds 1,090 phantom stock units, each equivalent to one share of common stock, which are payable in annual installments after separation of employment.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a standard practice in publicly traded companies, and the reporting of these transactions via SEC Form 4 is a regulatory requirement.
• The vesting of restricted stock and performance-based units is a common form of executive compensation, aligning executive interests with company performance.
• The use of phantom stock is also a common practice, providing executives with deferred compensation tied to the company's stock performance.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.

Key Dates

Keywords

Spire Inc., stock transactions, insider trading, restricted stock, performance units, phantom stock, executive compensation, Form 4