Mobility Global CLO receives equity grants after spin-off
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 106,087 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 48,091 | $0.00 | $0.00 |
Footnotes (5)
- F1. 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").
- F2. 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").
- F3. 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.
- F4. 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.
- F5. 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
Key Terms
pro-rata spinoff distribution financial
restricted stock units financial
performance-based restricted stock units financial
volume weighted average price ("VWAP") financial
Equity Award Conversion financial
Long Term Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mobility Global Inc. (MBGL) disclose for its Chief Legal Officer?
How are the converted Mobility Global (MBGL) RSUs scheduled to vest?
What is the connection between S&P Global and Mobility Global (MBGL) in this Form 4?
Were any performance conditions retained on the converted Mobility Global (MBGL) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.