Form 4: Spire SVP Hyman Reports Stock Transactions
Statement of Changes in Beneficial Ownership (Form 4)
Spire Inc.'s SVP and CCIO, Ryan L. Hyman, reported several transactions involving common stock and phantom stock, primarily related to compensation and tax withholdings.
Summary
- Ryan L. Hyman, SVP and CCIO of Spire Inc., reported several transactions on November 18, 2025, involving common stock and phantom stock.
- These transactions included the vesting of 1,238 performance-contingent restricted stock units and 370 shares of time-vested restricted stock.
- A total of 472 shares of common stock (109 + 363) were withheld for tax payments related to the vesting events.
- Hyman elected to defer 1,238 shares of performance-contingent stock and 370 shares of time-vested restricted stock into a deferred income plan as phantom stock.
- A new award of 760 shares of time-vested restricted stock was granted, scheduled to vest on November 18, 2028.
- Following these transactions, Hyman beneficially owns 18,117 shares of common stock and 2,659 shares of phantom stock directly.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual report of routine insider transactions related to executive compensation and tax withholdings, not indicative of significant positive or negative company performance or strategic shifts.
Positives
- Vesting of 1,238 performance-contingent restricted stock units indicates the achievement of specific company performance metrics.
- The award of 760 new time-vested restricted stock shares aligns the executive's long-term interests with shareholder value.
- The deferral of vested shares into phantom stock demonstrates a long-term commitment to the company and a strategy for future income.
Negatives
- A total of 472 shares of common stock were withheld for tax obligations, reducing the immediate net equity received by the executive.
Future Outlook
The reporting person received an award of time-vested restricted stock that is scheduled to vest on November 18, 2028. Phantom stock units, which are economic equivalents of common stock, will be payable for 15 years commencing 6 months following the reporting person's separation from employment.
Industry Context
This filing represents a routine disclosure of executive compensation-related stock transactions, common across publicly traded companies, reflecting the structure of long-term incentive plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Ryan L. Hyman granted a Power of Attorney to M. J. Aplington, S. P. Rasche, and C. M. Vomund to execute and file Forms 3, 4, and 5 on his behalf. | 2024-01-25 | Streamlines the process for filing Section 16 reports, ensuring timely compliance with SEC regulations for insider transactions. |
Stakeholder Impact
- Shareholders: Provides transparency into executive stock ownership and compensation structure.
- Employees: Reflects the company's executive compensation practices.
Next Steps
- Vesting of 760 shares of time-vested restricted stock on November 18, 2028.
- Payment of phantom stock units over 15 years, commencing 6 months after the reporting person's separation from employment.
Key Dates
| Date | Description |
|---|---|
| 2024-01-25 | Date Power of Attorney was executed by Ryan L. Hyman. |
| 2025-11-18 | Date of reported transactions for common stock and phantom stock. |
| 2025-11-19 | Date the Form 4 was signed by attorney-in-fact. |
| 2028-11-18 | Vesting date for 760 shares of time-vested restricted stock awarded. |
Keywords
Spire Inc., SR, Form 4, insider trading, beneficial ownership, restricted stock, phantom stock, executive compensation, stock vesting, tax withholding
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