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S&P Global (SPGI) officer details RSU vesting and updated share holdings

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

S&P Global Inc. officer and President, Market Intelligence reported several equity transactions in company stock dated 12/31/2025. Multiple restricted stock unit (RSU) awards vested and were converted into common stock at an indicated price of $522.59 per share, coded as exercises (M) in the filing. In connection with these vestings, a portion of the newly delivered shares was withheld, coded (F), to cover tax obligations at the same price.

After the reported transactions, the insider directly owned 4,320 shares of S&P Global common stock. The RSU grants were originally awarded in 2023, 2024, and 2025, each with three-year vesting schedules, with remaining portions scheduled to vest on 12/31/2026 and 12/31/2027. These routine equity awards and related tax withholdings are part of the executive’s long-term compensation structure.

Positive

  • None.

Negative

  • None.
Insider Saha Saugata
Role President, Market Intelligence
Type Security Shares Price Value
Exercise Restricted Stock Units 604 $0.00 --
Exercise Restricted Stock Units 656 $0.00 --
Exercise Restricted Stock Units 601 $0.00 --
Exercise Common Stock 604 $522.59 $316K
Tax Withholding Common Stock 237 $522.59 $124K
Exercise Common Stock 656 $522.59 $343K
Tax Withholding Common Stock 237 $522.59 $124K
Exercise Common Stock 601 $522.59 $314K
Tax Withholding Common Stock 217 $522.59 $113K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 3,754 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock. As previously reported, the reporting person was granted 1,776 restricted stock units on 03/01/2023, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2023 and 33% on 12/31/2024 and the remaining 34% vested on 12/31/2025. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date. As previously reported, the reporting person was granted 1,990 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. As previously reported, the reporting person was granted 1,822 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.
Form 4 Insider Transactions: What Each Field Means →
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*
Saha Saugata
(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, Market Intelligence
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025
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 12/31/2025 M 604 A $522.59 3,754 D
Common Stock 12/31/2025 F 237 D $522.59 3,517 D
Common Stock 12/31/2025 M 656 A $522.59 4,173 D
Common Stock 12/31/2025 F 237 D $522.59 3,936 D
Common Stock 12/31/2025 M 601 A $522.59 4,537 D
Common Stock 12/31/2025 F 217 D $522.59 4,320 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 12/31/2025 M 604 (2) (2) Common Stock 604 $0 0 D
Restricted Stock Units(1) $0 12/31/2025 M 656 (3) (3) Common Stock 656 $0 678 D
Restricted Stock Units(1) $0 12/31/2025 M 601 (4) (4) Common Stock 601 $0 1,221 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
2. As previously reported, the reporting person was granted 1,776 restricted stock units on 03/01/2023, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2023 and 33% on 12/31/2024 and the remaining 34% vested on 12/31/2025. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
3. As previously reported, the reporting person was granted 1,990 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 1,822 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/ Tasha Matharu, Attorney-in-Fact 01/05/2026
** 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

FAQ

What insider activity did S&P Global (SPGI) report on 12/31/2025?

The President of Market Intelligence at S&P Global Inc. reported multiple transactions on 12/31/2025, including the vesting and conversion of several restricted stock unit (RSU) awards into common stock and the related withholding of shares to satisfy tax obligations.

How many S&P Global (SPGI) shares does the reporting person own after these transactions?

Following the reported activity on 12/31/2025, the insider directly owned 4,320 shares of S&P Global common stock.

What was the transaction price used in the S&P Global (SPGI) Form 4?

The equity transactions, including RSU vesting and tax share withholding, were reported at a price of $522.59 per share.

What restricted stock unit (RSU) grants are disclosed for the S&P Global (SPGI) insider?

The insider previously received RSU grants of 1,776 units on 03/01/2023, 1,990 units on 03/01/2024, and 1,822 units on 03/01/2025, each subject to three-year vesting schedules.

When do the remaining S&P Global (SPGI) RSUs vest for this insider?

For the grants disclosed, remaining RSU portions are scheduled to vest on 12/31/2026 and 12/31/2027, with vested shares to be delivered no later than January 31 following each vesting date.

What do the transaction codes M and F mean in the S&P Global (SPGI) Form 4?

In the reported transactions, code M indicates the exercise or conversion of restricted stock units into common stock, and code F reflects the disposition of shares withheld to satisfy tax liabilities associated with those vestings.