Mobility Global (MBGL) CLO receives converted RSU grants after S&P Global spin-off
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobility Global Inc. reported that Chief Legal Officer Matharu Taptesh (Tasha) K. acquired common stock and related equity awards in connection with S&P Global Inc.’s pro-rata spin-off of Mobility Global. Two grants totaling 48,091 and 106,087 shares of common stock were recorded at no cash cost to the insider.
These positions reflect the conversion of S&P Global restricted stock units and performance-based units into Mobility Global restricted stock units under the 2026 Long Term Incentive Plan. The converted Mobility RSUs vest over several dates, including tranches such as 24,982 shares on December 31, 2026 and 29,210 shares on November 1, 2027, subject to prior award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Matharu Taptesh (Tasha) K.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 106,087 | $0.00 | -- |
| Grant/Award | Common Stock | 48,091 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 110,774 shares (Direct, null)
Footnotes (1)
- On July 1, 2026, S&P Global Inc. ("S&P Global") completed a pro-rata spinoff distribution ("Spin-Off") of all of its shares of Issuer common stock to the holders of record of S&P Global's common stock on June 15, 2026 (the "Record Date"). In connection with the Spin-Off, pursuant to the terms of the Employee Matters Agreement, dated as of June 30, 2026, by and between S&P Global and the Issuer and the anti-dilution adjustment provisions under the applicable S&P Global equity incentive plans, certain restricted stock units and performance-based restricted stock units with respect to S&P Global common stock ("S&P Global RSUs" and "S&P Global PSUs", as applicable) were equitably adjusted and converted into restricted stock units with respect to Issuer common stock ("Mobility RSUs"), based on the quotient of (i) the one-day volume weighted average price ("VWAP") of S&P Global common stock on June 30, 2026 and (ii) the one-day VWAP of Issuer common stock on July 1, 2026 (such adjustment, the "Equity Award Conversion"). Represents the grant of Mobility RSUs upon the conversion of S&P Global RSUs held by the Reporting Person as of immediately prior to the Spin-Off pursuant to the Equity Award Conversion. The Mobility RSUs were granted pursuant to the Issuer's 2026 Long Term Incentive Plan (the "Mobility Plan") and are generally subject to the same terms and conditions as applied to the corresponding S&P Global RSUs. The Mobility RSUs are subject to vesting as follows: (i) 3,630 are scheduled to vest in substantially equal installments on each of December 31, 2026 and December 31, 2027, (ii) 2,298 are scheduled to vest in full on December 31, 2026, (iii) 24,982 are scheduled to vest in full on September 1, 2026, (iv) 29,210 are scheduled to vest in full on November 1, 2027, and (v) 45,967 are scheduled to vest in substantially equal installments on each of March 1, 2027, March 1, 2028 and March 1, 2029, in each case, subject to the terms of each applicable S&P Global award agreement. Includes shares of Issuer common stock received in connection with the Spin-Off in respect of shares of S&P Global common stock held as of the Record Date. Represents the grant of Mobility RSUs upon the conversion of S&P Global PSUs held by the Reporting Person as of immediately prior to the Spin-Off pursuant to the Equity Award Conversion, with the applicable performance goals deemed achieved at actual performance levels through July 1, 2026. The Mobility RSUs were granted pursuant to the Mobility Plan and are generally subject to the same terms and conditions as applied to the corresponding S&P Global PSUs (except that any performance conditions have been waived). The Mobility RSUs are subject to vesting as follows: (i) 31,430 are scheduled to vest in full on December 31, 2026, and (ii) 16,661 are scheduled to vest in full on December 31, 2027, in each case, subject to the terms of each applicable S&P Global award agreement.
Key Figures
Common stock grant 1: 48,091 shares
Common stock grant 2: 106,087 shares
Holdings after transaction line 1: 158,865 shares
+5 more
8 metrics
Common stock grant 1
48,091 shares
Grant/award acquisition of common stock at $0.00 per share
Common stock grant 2
106,087 shares
Grant/award acquisition of common stock at $0.00 per share
Holdings after transaction line 1
158,865 shares
Total common stock held following first acquisition entry
Holdings after transaction line 2
110,774 shares
Total common stock held following second acquisition entry
RSUs vesting September 1, 2026
24,982 units
Mobility RSUs scheduled to vest in full on December 31, 2026
RSUs vesting November 1, 2027
29,210 units
Mobility RSUs scheduled to vest in full on November 1, 2027
RSUs vesting December 31, 2026 (PSUs)
31,430 units
Converted from S&P Global PSUs, vesting in full on December 31, 2026
RSUs vesting December 31, 2027 (PSUs)
16,661 units
Converted from S&P Global PSUs, vesting in full on December 31, 2027
Key Terms
pro-rata spinoff distribution, restricted stock units, performance-based restricted stock units, volume weighted average price ("VWAP"), +2 more
6 terms
pro-rata spinoff distribution financial
"S&P Global Inc. completed a pro-rata spinoff distribution of all of its shares of Issuer common stock"
restricted stock units financial
"certain restricted stock units and performance-based restricted stock units with respect to S&P Global common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"Represents the grant of Mobility RSUs upon the conversion of S&P Global PSUs held by the Reporting Person"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
volume weighted average price ("VWAP") financial
"based on the quotient of (i) the one-day volume weighted average price ("VWAP") of S&P Global common stock"
VWAP, or volume weighted average price, shows the average price at which a stock has traded throughout the day, giving more importance to prices where more shares were bought or sold. It helps traders see the overall market trend and decide if a stock is fairly valued, much like finding the average speed of a car by giving more weight to the times when it traveled faster or slower.
Equity Award Conversion financial
"such adjustment, the "Equity Award Conversion""
Long Term Incentive Plan financial
"The Mobility RSUs were granted pursuant to the Issuer's 2026 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What insider transaction did Mobility Global Inc. (MBGL) disclose for its Chief Legal Officer?
Mobility Global disclosed that Chief Legal Officer Matharu Taptesh (Tasha) K. received equity awards tied to common stock following S&P Global’s spin-off. These awards stem from converting existing S&P Global restricted and performance stock units into Mobility Global restricted stock units under the company’s 2026 Long Term Incentive Plan.
How are the converted Mobility Global (MBGL) RSUs scheduled to vest?
The converted Mobility RSUs vest in multiple tranches on specific dates. Examples include 24,982 shares vesting in full on September 1, 2026 and 29,210 shares vesting in full on November 1, 2027, with additional installments through March 1, 2029, subject to prior award terms.
What is the connection between S&P Global and Mobility Global (MBGL) in this Form 4?
S&P Global completed a pro-rata spin-off of all Mobility Global common stock to its shareholders of record. In connection with this spin-off, S&P Global equity awards held by the reporting person were equitably adjusted and converted into Mobility Global restricted stock units using relative volume weighted average prices.
Were any performance conditions retained on the converted Mobility Global (MBGL) RSUs?
For awards converted from S&P Global performance-based restricted stock units, performance goals were deemed achieved at actual levels through July 1, 2026. After conversion, these units became Mobility Global RSUs with performance conditions waived, while remaining generally subject to the original S&P Global award agreements’ terms.