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S&P Global (SPGI) CEO details 2025 RSU vesting and share dispositions

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

Rhea-AI Filing Summary

S&P Global Inc. reported insider equity activity for its CEO & President, who is also a director, on 12/31/2025. Several blocks of restricted stock units (RSUs) vested and were converted to common stock, including 982, 864, and 1,665 RSUs, each at a value of $522.59 per share. A portion of the newly delivered shares (373, 312, and 840 shares) was disposed of in transactions coded "F," indicating shares withheld or sold to cover taxes. After these transactions, the reporting person directly held 19,189 shares of S&P Global common stock. The vested RSUs relate to prior grants from 2023, 2024, and 2025 that follow three-year vesting schedules, with remaining portions scheduled to vest through 12/31/2027 and delivered no later than January 31 following each vesting date.

Positive

  • None.

Negative

  • None.
Insider CHEUNG MARTINA
Role CEO & President
Type Security Shares Price Value
Exercise Restricted Stock Units 982 $0.00 --
Exercise Restricted Stock Units 864 $0.00 --
Exercise Restricted Stock Units 1,665 $0.00 --
Exercise Common Stock 982 $522.59 $513K
Tax Withholding Common Stock 373 $522.59 $195K
Exercise Common Stock 864 $522.59 $452K
Tax Withholding Common Stock 312 $522.59 $163K
Exercise Common Stock 1,665 $522.59 $870K
Tax Withholding Common Stock 840 $522.59 $439K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 18,185 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 2,886 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 2,619 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 5,046 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*
CHEUNG MARTINA
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO & President
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 982 A $522.59 18,185 D
Common Stock 12/31/2025 F 373 D $522.59 17,812 D
Common Stock 12/31/2025 M 864 A $522.59 18,676 D
Common Stock 12/31/2025 F 312 D $522.59 18,364 D
Common Stock 12/31/2025 M 1,665 A $522.59 20,029 D
Common Stock 12/31/2025 F 840 D $522.59 19,189 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 982 (2) (2) Common Stock 982 $0 0 D
Restricted Stock Units(1) $0 12/31/2025 M 864 (3) (3) Common Stock 864 $0 891 D
Restricted Stock Units(1) $0 12/31/2025 M 1,665 (4) (4) Common Stock 1,665 $0 3,381 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 2,886 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 2,619 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 5,046 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 transaction did S&P Global (SPGI) report in this filing?

The filing shows S&P Global's CEO & President, who is also a director, had several restricted stock unit (RSU) awards vest on 12/31/2025, converting into common stock, with some shares disposed of to cover taxes.

How many S&P Global (SPGI) shares did the CEO hold after these transactions?

Following the reported RSU vesting and tax-related dispositions on 12/31/2025, the reporting person directly beneficially owned 19,189 shares of S&P Global common stock.

What RSU grants are described for the S&P Global (SPGI) CEO in this filing?

The filing describes RSU grants of 2,886 units on 03/01/2023, 2,619 units on 03/01/2024, and 5,046 units on 03/01/2025, each subject to three-year vesting schedules.

What are the vesting schedules for the S&P Global (SPGI) CEO’s RSUs?

The 2023 grant vested 33% on 12/31/2023, 33% on 12/31/2024, and 34% on 12/31/2025. The 2024 grant vests 33% on 12/31/2024, 33% on 12/31/2025, and 34% on 12/31/2026. The 2025 grant vests 33% on 12/31/2025, 33% on 12/31/2026, and 34% on 12/31/2027.

How are vested S&P Global (SPGI) RSUs delivered to the CEO?

For each grant, vested RSUs convert into shares of S&P Global common stock, which are delivered to the reporting person no later than January 31 following the respective vesting date.

What do the transaction codes "M" and "F" mean in the S&P Global (SPGI) insider report?

In this report, code "M" indicates the conversion of RSUs into common stock. Code "F" indicates shares disposed of in connection with tax withholding related to the RSU vesting.