Form 4: Spire Inc. Executive Vice President Steven P. Rasche Reports Beneficial Ownership Changes
SEC Form 4 Filing
Executive Vice President Steven P. Rasche reports acquisition of preferred stock and changes in holdings of common stock and phantom stock.
Summary
- Steven P. Rasche, an Executive Vice President at Spire Inc., filed a Form 4 detailing changes in his beneficial ownership of company securities.
- On June 13, 2024, Rasche acquired 4,500 shares of 5.9% Series A Cumulative Redeemable Perpetual Preferred Stock at a price of $23.83 per share.
- The filing also reflects holdings of common stock, including shares held directly, in an IRA, in a 401(k) plan, and in a revocable trust.
- Rasche also holds 20,232 shares of Phantom Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports transactions and holdings without expressing opinions or predictions.
Positives
- The acquisition of preferred stock may indicate confidence in the company's future performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency into their investment activities in the company's securities.
Stakeholder Impact
- The filing provides shareholders with information about the investment activities of a key executive.
Key Dates
| Date | Description |
|---|---|
| January 17, 2020 | Power of Attorney executed by Steven P. Rasche. |
| June 12, 2024 | Date of trustee report for 401(k) plan holdings. |
| June 13, 2024 | Date of preferred stock acquisition. |
| June 14, 2024 | Date of Form 4 filing. |
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