S&P Global (SPGI) director adds phantom stock under deferred plan

Rhea-AI Filing Summary

S&P Global Inc. reported that one of its directors acquired additional phantom stock units under the S&P Global Director Deferred Stock Ownership Plan. On 01/02/2026, the director received 936.12 phantom stock units, with the units valued using the closing price of SPGI common stock of $512.66 on that date. Each phantom unit is designed to mirror one share of S&P Global common stock, and the filing shows the same 936.12 shares of common stock as the amount underlying these units. Following this transaction, the director beneficially owned 3,081.56 phantom stock units, held directly. The phantom units carry a stated exercise price of $0 and are to be settled 100% in SPGI common stock when the director ceases to serve on the board.

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
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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^*

Livingston Ian Paul

(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

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		936.12		(2)	(2)	Common Stock	936.12	$512.66	3,081.56	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 filing?

The filing reports that a director acquired 936.12 phantom stock units on 01/02/2026 under the S&P Global Director Deferred Stock Ownership Plan.

What are the terms of the phantom stock units reported for S&P Global (SPGI)?

The phantom stock units have an exercise price of $0 and are based on the closing price of SPGI common stock of $512.66 on 01/02/2026. Each unit corresponds to one share of SPGI common stock.

How many S&P Global phantom stock units does the director own after this transaction?

After the reported transaction, the director beneficially owns 3,081.56 phantom stock units, held directly.

When will the S&P Global (SPGI) phantom stock units be settled?

The phantom stock units are to be settled 100% in SPGI common stock when the reporting person ceases to be a director of S&P Global.

How was the number of phantom stock units for the S&P Global director determined?

The 936.12 phantom stock units were accrued based on the closing price of SPGI common stock on 01/02/2026 under the Director Deferred Stock Ownership Plan.

Is this S&P Global (SPGI) transaction a cash purchase by the director?

No. The filing shows an exercise price of $0 for the phantom stock units, indicating they were accrued as part of the Director Deferred Stock Ownership Plan rather than bought for cash at market price.