Form 4: Spire Inc. Treasurer Adam W. Woodard Reports Stock Sale
SEC Form 4
Treasurer of Spire Inc., Adam W. Woodard, reports the sale of common stock and holdings in the company's 401(k) plan.
Summary
- Adam W. Woodard, Treasurer of Spire Inc., reported a transaction involving the company's common stock on March 15, 2024.
- Woodard sold 1,229.37 shares of common stock at a price of $59.58 per share.
- Following the transaction, Woodard directly owns 1,560 shares of Spire Inc.
- Woodard also indirectly owns 4,295.279 shares held in the company's 401(k) plan.
- The sale was part of a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale, which is neutral in sentiment.
Industry Context
This is a routine disclosure of insider trading activity, required by the SEC to ensure transparency and prevent illegal insider trading. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, but it is a relatively small transaction and likely won't have a significant impact.
Key Dates
| Date | Description |
|---|---|
| January 14, 2020 | Date of Power of Attorney execution. |
| March 14, 2024 | Date of 401(k) plan shares reported by trustee. |
| March 15, 2024 | Date of stock sale transaction. |
| March 18, 2024 | Date of signature on the report. |
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