[Form 4] SPIRE INC Insider Trading Activity

Rhea-AI Filing Summary

Spire Inc. (SR) reported an equity award to its CEO and President, who is also a director. On November 18, 2025, the executive acquired 6,380 shares of common stock as a time-vested restricted stock award at a reference price of $86.16 per share. After this transaction, the executive beneficially owns 9,800 shares of Spire common stock directly.

The restricted stock granted on November 18, 2025 vests on November 18, 2028, meaning the executive earns full rights to the shares over time. Separately, the filing lists 8,400 phantom stock units, which represent deferred awards tied economically to Spire common stock. These phantom units vest on November 22, 2027 and are payable in cash in scheduled installments in January 2029, 2030, 2031, 2032 and 2033, with flexibility to be reallocated to other investments within the executive’s deferred income plan after vesting.

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^*

Doyle Scott Edward

(Last) (First) (Middle)

700 MARKET STREET

(Street)

ST. LOUIS MO 63010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SPIRE INC [ SR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		A		6,380(1)	A	$86.16	9,800	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	(2)							(2)	(2)	Common Stock	8,400		8,400	D

Explanation of Responses:

1. Represents award of time-vested restricted stock that vests on November 18, 2028.

2. Represents phantom stock awarded to the reporting person pursuant to his election to defer into his deferred income plan account shares of time-vested restricted stock awarded to him. The phantom stock vests on November 22, 2027. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable in cash to the reporting person in January 2029, 2030, 2031, 2032 and 2033 and can be transferred to other investments within the reporting person's deferred income plan account at any time at least six months after vesting.

Remarks:

	Courtney Vomund as attorney in fact for Doyle Scott E	11/19/2025
	** 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 Spire Inc. (SR) report in this Form 4?

Spire Inc. reported that its CEO, who is also a director, acquired 6,380 shares of common stock as a time-vested restricted stock award on November 18, 2025 at a reference price of $86.16 per share.

How many Spire (SR) shares does the reporting person own after this transaction?

Following the reported award, the executive beneficially owns 9,800 shares of Spire Inc. common stock in direct ownership.

When do the newly awarded Spire (SR) restricted shares vest?

The 6,380 restricted shares of Spire common stock awarded on November 18, 2025 are scheduled to vest on November 18, 2028.

What phantom stock awards are disclosed for the Spire (SR) executive?

The filing shows 8,400 phantom stock units tied to Spire common stock. These units vest on November 22, 2027 and each unit is the economic equivalent of one share of Spire common stock.

How and when will the Spire (SR) phantom stock be paid to the executive?

The 8,400 phantom stock units are payable in cash to the executive in January 2029, 2030, 2031, 2032 and 2033, according to the deferred income plan terms.

Why did the Spire (SR) executive receive phantom stock instead of only restricted stock?

The phantom stock represents shares of time-vested restricted stock that the executive elected to defer into a deferred income plan account, converting them into cash-settled phantom stock units.