Form 4: Spire Inc. Executive Stephen M. Mills Reports Stock Transactions

Senior Vice President of Spire Inc., Stephen M. Mills, reports multiple transactions involving company stock, including acquisitions and disposals related to vesting of restricted stock units.

Summary

• Stephen M. Mills, a Senior Vice President at Spire Inc., reported several transactions involving the company's common stock on November 29, 2024.
• These transactions include the disposal of 229 shares to cover taxes related to the vesting of 400 time-vested restricted stock units.
• Additionally, 1,163 performance-contingent restricted stock units vested and settled in stock, resulting in the acquisition of 1,163 shares.
• A further 665 shares were disposed of to cover taxes related to the vesting of the 1,163 performance-contingent restricted units.
• Following these transactions, Mr. Mills directly owns 2,028 shares of Spire Inc. common stock.
• Mr. Mills also holds 1,090 phantom stock units, each equivalent to one share of Spire Inc. common stock, payable in annual installments starting in January 2039.

Sentiment

Score: 5

Explanation: The document reflects routine stock transactions related to executive compensation, which is neither positive nor negative from an investment perspective.

Future Outlook

The phantom stock units will be paid out in annual installments starting in January 2039.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
• The vesting of restricted stock units and the subsequent tax withholding are standard procedures in executive compensation packages.
• Phantom stock plans are also a common method of deferred compensation, often used to retain key executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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