S&P Global (NYSE: SPGI) exec logs stock award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
S&P Global Inc. reported that David P. Ernsberger, President, S&P Global Energy, received a grant of 1,508 shares of common stock on achievement of a performance goal under a prior performance share unit award. On the same date, 709 shares were disposed of to satisfy tax withholding obligations under the company’s 2019 Stock Incentive Plan at a price of $418.27 per share. Following these transactions, he directly holds 4,947 common shares, plus restricted stock units representing 89 and 207 shares from earlier grants that continue to vest over a three-year schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ernsberger David P
Role
President, S&P Global Energy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,508 | $0.00 | -- |
| Tax Withholding | Common Stock | 709 | $418.27 | $297K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,656 shares (Direct);
Restricted Stock Units — 89 shares (Direct)
Footnotes (1)
- Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award. Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock. As previously reported, the reporting person was granted 261 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 308 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.