Form 4: Spire Inc. Treasurer Adam W. Woodard Reports Stock Award and Holdings

Spire Inc. Treasurer Adam W. Woodard reported the acquisition of 1,380 shares of restricted stock and holdings of 4,452.704 shares in the company's 401(k) plan.

Summary

• Adam W. Woodard, Treasurer of Spire Inc., reported a transaction on November 22, 2024.
• He acquired 1,380 shares of common stock as a time-vested restricted stock award at a price of $72.55 per share.
• These shares will vest on November 22, 2027.
• Woodard also reported owning 2,955.2 shares directly, which includes shares acquired through a dividend reinvestment plan.
• Additionally, he holds 4,452.704 shares indirectly through the company's 401(k) plan.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. The stock award is a positive sign of alignment with company goals, but overall the sentiment is neutral.

Positives

• The grant of restricted stock to a key officer like the Treasurer aligns his interests with the long-term performance of the company.
• The dividend reinvestment plan indicates a commitment to long-term investment in the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It provides transparency into the holdings of company officers.

Comparison to Industry Standards

• The reporting of stock awards and 401(k) holdings is standard practice for publicly traded companies and their executives.
• The vesting period of three years for the restricted stock is a common practice to incentivize long-term performance.
• Dividend reinvestment plans are also a common way for employees to increase their holdings in the company.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the holdings of company officers.
• The stock award aligns the Treasurer's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

insider trading, Form 4, restricted stock, stock award, beneficial ownership, dividend reinvestment, 401k, Spire Inc, SR, Adam W. Woodard