Form 4: Spire Inc. Treasurer Adam W. Woodard Reports Stock Transactions

Spire Inc. Treasurer Adam W. Woodard reported multiple transactions involving company stock, including the vesting of restricted stock units and shares withheld for tax obligations.

Summary

• Adam W. Woodard, Treasurer of Spire Inc., reported several transactions involving the company's common stock on November 29, 2024.
• These transactions include the withholding of 171 shares for tax purposes related to the vesting of 500 time-vested stock units.
• Additionally, 1,448 performance-contingent restricted stock units vested and settled in stock.
• Another 495 shares were withheld for taxes related to the vesting of the 1,448 performance-contingent restricted units.
• Following these transactions, Mr. Woodard directly owns 2,784.2 shares and indirectly owns 4,452.704 shares held in the company's 401(k) plan.
• All transactions were executed at a price of $73.19 per share.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The vesting of performance-based units is a positive sign, but the overall sentiment is neutral.

Positives

• The vesting of performance-contingent restricted stock units suggests that performance metrics were met.
• The increase in direct share ownership indicates a continued alignment of interest between the executive and the company.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.

Comparison to Industry Standards

• The vesting of restricted stock units is a common practice in executive compensation packages across various industries.
• The use of performance-contingent units is also a standard method to align executive interests with company performance.
• The tax withholding of shares is a standard procedure when restricted stock units vest.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they indicate that performance targets were met.
• The transactions have a minor impact on employees as they are related to executive compensation.

Key Dates

Keywords

Spire Inc, stock transactions, insider trading, restricted stock units, performance-based compensation, Form 4, Adam W. Woodard, executive compensation