S&P Global (SPGI) President reports RSU vesting and stock transactions

Rhea-AI Filing Summary

S&P Global Inc. reported insider equity activity for the President of S&P Global Ratings on 12/31/2025. The filing shows multiple conversions of restricted stock units into common stock, coded as "M" transactions, at a reported price of $522.59 per share. On the same date, the officer also recorded "F" transactions in which portions of common stock were disposed of at the same price.

After these transactions, the officer beneficially owned 2,063 shares of S&P Global common stock in direct ownership. The derivative table shows that several blocks of restricted stock units granted in prior years partially vested on 12/31/2025, with remaining units scheduled to vest on future dates according to their original three-year vesting schedules.

Insider Trade Summary

Net Buyer: 275 shares

Net Buy 9 txns

Insider Le Pallec Yann

Role President, S&P Global Ratings

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	137	$0.00	$0.00
Exercise	Restricted Stock Units	120	$0.00	$0.00
Exercise	Restricted Stock Units	332	$0.00	$0.00
Exercise	Common Stock	137	$522.59	$72K
Exercise Price or Tax Liability	Common Stock	73	$522.59	$38K
Exercise	Common Stock	120	$522.59	$63K
Exercise Price or Tax Liability	Common Stock	64	$522.59	$33K
Exercise	Common Stock	332	$522.59	$173K
Exercise Price or Tax Liability	Common Stock	177	$522.59	$92K

Holdings After Transaction: Restricted Stock Units — 803 shares (Direct); Common Stock — 2,063 shares (Direct)

Footnotes (4)

1. F1. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
2. F2. As previously reported, the reporting person was granted 399 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. 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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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/05/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What insider transaction did S&P Global (SPGI) disclose in this Form 4?

The filing discloses that the President of S&P Global Ratings converted restricted stock units into S&P Global Inc. common stock and disposed of some shares on 12/31/2025.

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

Following the reported transactions on 12/31/2025, the officer beneficially owns 2,063 shares of S&P Global common stock in direct ownership.

What was the reported share price for the S&P Global (SPGI) transactions?

Both the acquisitions (code "M") and dispositions (code "F") of S&P Global common stock were reported at a price of $522.59 per share.

What do the restricted stock unit (RSU) details in the S&P Global (SPGI) filing show?

The filing explains that prior grants of restricted stock units are subject to 3-year vesting, with portions that vested on 12/31/2023, 12/31/2024, and 12/31/2025, and remaining portions scheduled to vest on future dates, with each vested unit representing one share of SPGI common stock.

Does this S&P Global (SPGI) Form 4 involve derivative securities?

Yes. The filing lists restricted stock units as derivative securities with an exercise price of $0, which convert into S&P Global common stock as they vest according to their grant terms.

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)
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		137	A	$522.59	1,925	D
Common Stock	12/31/2025		F		73	D	$522.59	1,852	D
Common Stock	12/31/2025		M		120	A	$522.59	1,972	D
Common Stock	12/31/2025		F		64	D	$522.59	1,908	D
Common Stock	12/31/2025		M		332	A	$522.59	2,240	D
Common Stock	12/31/2025		F		177	D	$522.59	2,063	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			137	(2)	(2)	Common Stock	137	$0	0	D
Restricted Stock Units(1)	$0	12/31/2025		M			120	(3)	(3)	Common Stock	120	$0	126	D
Restricted Stock Units(1)	$0	12/31/2025		M			332	(4)	(4)	Common Stock	332	$0	677	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 399 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 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/ 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.