S&P Global (SPGI) director adds phantom stock units in deferred plan filing

Rhea-AI Filing Summary

S&P Global Inc. reported an insider equity update for one of its directors. On 01/02/2026, the director accrued 713.83 phantom stock units under the S&P Global Director Deferred Stock Ownership Plan, based on the $512.66 closing price of SPGI common stock on that date. These phantom stock units have a conversion price of $0 and are designed to be settled 100% in SPGI common stock when the individual ceases to be a director.

Following this transaction, the director holds 2,872.84 phantom stock units and directly owns 1,273 shares of SPGI common stock. This filing reflects ongoing director compensation and deferred equity accumulation rather than an open-market purchase or sale.

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^*

ESCULIER JACQUES

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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								1,273	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
Phantom Stock Units	$0(1)	01/02/2026		A		713.83		(2)	(2)	Common Stock	713.83	$512.66	2,872.84	D

Explanation of Responses:

1. The phantom stock units were accrued under the S&P Global Director Deferred Stock Ownership Plan based on the closing price of SPGI common stock on 01/02/2026.

2. The phantom stock units were accrued under the S&P Global Director Deferred Stock Ownership Plan and are to be settled 100% in SPGI common stock at such time as the reporting person ceases to be a director.

Remarks:

	/s/ Tasha Matharu, Attorney-in-Fact	01/06/2026
	** 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.

FAQ

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

The Form 4 reports that a director accrued 713.83 phantom stock units on 01/02/2026 under the S&P Global Director Deferred Stock Ownership Plan.

At what price were the S&P Global (SPGI) phantom stock units calculated?

The phantom stock units were accrued based on the $512.66 closing price of SPGI common stock on 01/02/2026.

How and when are the S&P Global (SPGI) phantom stock units settled?

The phantom stock units are to be settled 100% in SPGI common stock at the time the reporting person ceases to be a director.

How many S&P Global (SPGI) phantom stock units does the director hold after this transaction?

After this transaction, the director beneficially owns 2,872.84 phantom stock units, all held directly.

How many S&P Global (SPGI) common shares does the director own directly?

The filing shows the director directly owns 1,273 shares of SPGI common stock following the reported transaction.

Is this S&P Global (SPGI) Form 4 an open-market stock purchase or sale?

No. The reported activity involves accrual of phantom stock units under a director deferred stock plan, not an open-market buy or sell of common shares.