Form 4: Spire VP Hampton Reports Stock Transactions

Joseph B. Hampton, VP and President of Spire AL, MS & Gulf, reported multiple acquisitions and dispositions of Spire Inc. common stock and phantom stock on November 18, 2025, primarily related to vesting and tax withholdings.

Summary

• Joseph B. Hampton, VP, President of Spire AL, MS & Gulf, reported several transactions involving Spire Inc. common stock and phantom stock on November 18, 2025.
• 117 shares of common stock were disposed of at $86.16, representing shares withheld for taxes incident to the vesting of 398 shares of time-vested restricted stock.
• 1,324 shares of common stock were acquired at $86.16, resulting from the vesting and settlement of restricted stock performance units based on non-market performance metrics.
• 389 shares of common stock were disposed of at $86.16, representing shares withheld for taxes incident to the vesting of 1,324 performance contingent restricted stock units.
• 520 shares of common stock were acquired at $86.16 as an award of time-vested restricted stock, which is scheduled to vest on November 18, 2028.
• Hampton's direct beneficial ownership of common stock changed from 5,194 to 6,649 shares through these transactions.
• An additional 7,251.307 shares of common stock are held indirectly in the Company's 401(k) plan as of November 17, 2025.
• 442 shares of phantom stock were acquired at $86.16 due to an election to defer performance contingent stock into a deferred income plan, with payments commencing 6 months post-separation for 15 years.
• 11 shares of phantom stock were disposed of at $86.16, withheld for taxes incident to the vesting of 442 shares of performance contingent stock.
• 133 shares of phantom stock were acquired at $86.16 due to an election to defer time-vested restricted stock into a deferred income plan, with payments commencing 6 months post-separation for 15 years.
• 4 shares of phantom stock were disposed of at $86.16, withheld for taxes incident to the vesting of 133 shares of time-vested restricted stock.
• Hampton's direct beneficial ownership of phantom stock changed from 2,576 to 2,694 shares through these transactions.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, including vesting of restricted stock and phantom stock, and shares withheld for taxes. This is a neutral event reflecting standard compensation practices.

Positives

• Acquisition of 1,324 shares of common stock from vested restricted stock performance units, indicating achievement of performance metrics.
• Award of 520 shares of time-vested restricted stock, demonstrating ongoing executive incentive and retention.
• Acquisition of 442 and 133 shares of phantom stock through deferral elections, providing future compensation linked to company performance.

Negatives

• Disposition of 117 shares of common stock and 389 shares of common stock for tax withholdings related to vesting events.
• Disposition of 11 shares of phantom stock and 4 shares of phantom stock for tax withholdings related to vesting events.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions involve the acquisition and disposition of Spire Inc. securities by an executive of Spire Inc., which are considered related party transactions as part of executive compensation.

Stakeholder Impact

• Shareholders: Minor impact as these are routine compensation-related transactions, reflecting standard executive incentive structures and not indicative of significant operational changes.
• Employees: No direct impact on the broader employee base is mentioned in this filing.

Next Steps

• The 520 shares of time-vested restricted stock awarded on November 18, 2025, are scheduled to vest on November 18, 2028.
• Phantom stock shares acquired through deferral elections are payable for 15 years, commencing 6 months following the reporting person's separation from employment.

Key Dates

Recommendation

The Form 4 filing details routine executive compensation activities, including the vesting of restricted stock and phantom stock, and associated tax withholdings. These transactions are expected and do not indicate any material change in the company's operational or financial performance, nor do they suggest a significant shift in insider sentiment that would warrant a change from a 'hold' position based solely on this filing.

Keywords

Spire Inc., SR, Form 4, Insider Trading, Stock Transactions, Restricted Stock, Phantom Stock, Executive Compensation, Joseph B. Hampton