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S&P Global (SPGI) ratings president awarded 2,143 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Le Pallec Yann reported acquisition or exercise transactions in this Form 4 filing.

S&P Global Inc. reported that Yann Le Pallec, President of S&P Global Ratings, received a grant of 2,143 restricted stock units on 03/01/2026. Each unit represents a contingent right to receive one share of S&P Global common stock. The new award is subject to three-year vesting, with 33% vesting on 03/01/2027, 33% on 03/01/2028 and 34% on 03/01/2029. The filing also notes previously reported awards of 366 RSUs granted on 03/01/2024 and 1,009 RSUs granted on 03/01/2025, each vesting in three annual installments with vested shares delivered no later than January 31 following each vesting date.

Positive

  • None.

Negative

  • None.
Insider Le Pallec Yann
Role President, S&P Global Ratings
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,143 $0.00 $0.00
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 2,946 shares (Direct); Common Stock — 2,859 shares (Direct)
Footnotes (4)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
  2. F2. The reporting person was granted 2,143 restricted stock units on 03/01/2026, subject to 3-year vesting. The restricted stock units will vest 33% on 03/01/2027, 33% on 03/01/2028 and 34% on 03/01/2029.
  3. F3. As previously reported, the reporting person was granted 366 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
  4. F4. As previously reported, the reporting person was granted 1,009 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

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FAQ

What equity award did Yann Le Pallec receive from S&P Global (SPGI)?
Yann Le Pallec received a grant of 2,143 restricted stock units on 03/01/2026. Each RSU represents a contingent right to receive one share of S&P Global common stock, subject to a multi-year vesting schedule described in the filing.

How do the new S&P Global (SPGI) restricted stock units vest for Yann Le Pallec?
The 2,143 restricted stock units vest over three years. The schedule is 33% on 03/01/2027, 33% on 03/01/2028, and 34% on 03/01/2029, aligning the award with longer-term service and performance at S&P Global.

What does each restricted stock unit represent in the S&P Global (SPGI) Form 4?
Each restricted stock unit represents a contingent right to receive one share of S&P Global common stock. Actual shares are delivered after vesting, providing equity-based compensation that depends on continued service through the vesting dates.

What prior S&P Global (SPGI) RSU grants to Yann Le Pallec are referenced?
The filing references 366 RSUs granted on 03/01/2024 and 1,009 RSUs granted on 03/01/2025. Both awards vest in three annual tranches, with vested shares delivered no later than January 31 following each vesting date.

When will vested S&P Global (SPGI) RSU shares be delivered to Yann Le Pallec?
For the 2024 and 2025 RSU grants, vested shares will be delivered no later than January 31 following each vesting date. This creates a short lag between vesting and actual share delivery for the executive.

Is the S&P Global (SPGI) Form 4 transaction a purchase or a grant?
The Form 4 reflects a grant/award acquisition of restricted stock units, not an open-market purchase. The transaction is coded as a grant, with no price paid per unit and vesting conditions over several years.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Le Pallec Yann
(Last) (First) (Middle)
55 WATER STREET
(Street)
NEW YORK NY 10041
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
S&P Global Inc. [ SPGI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, S&P Global Ratings
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,859 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) $0 03/01/2026 A 2,143 (2) (2) Common Stock 2,143 $0 2,143 D
Restricted Stock Units(1) $0 (3) (3) Common Stock 126 126 D
Restricted Stock Units(1) $0 (4) (4) Common Stock 677 677 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
2. The reporting person was granted 2,143 restricted stock units on 03/01/2026, subject to 3-year vesting. The restricted stock units will vest 33% on 03/01/2027, 33% on 03/01/2028 and 34% on 03/01/2029.
3. As previously reported, the reporting person was granted 366 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
4. As previously reported, the reporting person was granted 1,009 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
Remarks:
/s/ Judah Bareli, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR