Spire Inc (SR) SVP Ryan Hyman sells shares, details phantom stock holdings

(Moderate)

(Negative)

Form Type

Rhea-AI Filing Summary

Spire Inc. senior vice president and chief customer & information officer Ryan L. Hyman reported an open-market sale of common stock and updated his deferred compensation holdings. On the transaction date, he sold 3,822 shares of Spire common stock at an average price of $80.51 per share, and held 14,295 common shares afterward in direct ownership.

The filing also shows a holding of phantom stock units. Each of the 3,822 phantom stock units is economically equivalent to one share of Spire common stock and is part of a deferred income plan. These phantom shares are payable in annual installments over 15 years beginning six months after his separation from employment and can be reallocated to other investments in the plan at least six months after vesting.

Insights

Routine executive sale with modest size and clear deferred-comp structure.

The filing shows Ryan L. Hyman, an executive at Spire Inc., selling 3,822 shares of common stock in an open-market transaction at $80.51 per share. Following the sale, he directly holds 14,295 common shares, indicating he retains a meaningful equity stake.

The disclosure also details 3,822 units of phantom stock, each economically equivalent to one common share. These units are payable in annual installments over 15 years starting six months after his separation of employment, and can be shifted into other investments in his deferred income plan at least six months after vesting. This structure is typical for long-term executive compensation and does not itself signal a change in outlook.

Overall, the activity combines a modest net sale of common shares with continued exposure through both direct stock ownership and deferred phantom units. The transactions appear consistent with standard executive portfolio and compensation management rather than a thesis-changing move.

Insider Trade Summary

Net Seller: 3,822 shares

Net Sell 2 txns

Insider Hyman Ryan L

Role SVP, CCIO

Sold 3,822 shs ($308K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,822	$80.51	$308K
holding	Phantom Stock	--	--	--

Holdings After Transaction: Common Stock — 14,295 shares (Direct); Phantom Stock — 3,822 shares (Direct)

Footnotes (1)

F1. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable in annual installments payable for 15 years commencing 6 months following the reporting person's separation of employment 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.

Key Figures

Common shares sold: 3,822 shares Sale price per share: $80.51 per share Shares held after sale: 14,295 shares +2 more

5 metrics

Common shares sold 3,822 shares Open-market sale on 2026-06-09

Sale price per share $80.51 per share Common stock sale on 2026-06-09

Shares held after sale 14,295 shares Direct common stock ownership post-transaction

Phantom stock units 3,822 units Each unit equal to one common share

Phantom stock payout term 15 years Annual installments after separation of employment

Key Terms

Phantom Stock, open-market sale, deferred income plan, annual installments, +1 more

5 terms

Phantom Stock financial

"Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

deferred income plan financial

"within the reporting person's deferred income plan account at any time"

annual installments financial

"payable in annual installments payable for 15 years"

separation of employment financial

"commencing 6 months following the reporting person's separation of employment"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/10/2026 - 11:20 AM Accepted by SEC EDGAR 06/10/2026 - 11:20 AM

FAQ

What insider transaction did Spire Inc (SR) report for Ryan L. Hyman?

Spire Inc reported that executive Ryan L. Hyman sold 3,822 shares of common stock. The open-market transaction occurred at an average price of $80.51 per share, and he continued to hold 14,295 common shares directly after the sale.

How many Spire Inc (SR) shares does Ryan L. Hyman hold after this Form 4?

After the reported sale, Ryan L. Hyman directly holds 14,295 shares of Spire Inc common stock. This post-transaction balance reflects his remaining equity stake following the open-market sale of 3,822 shares at $80.51 per share.

What is the size and price of the Spire Inc (SR) shares sold by Ryan L. Hyman?

Ryan L. Hyman sold 3,822 shares of Spire Inc common stock at an average price of $80.51 per share. The transaction is classified as an open-market or private sale under code S in the Form 4 filing.

What are the phantom stock units reported for Spire Inc (SR) executive Ryan L. Hyman?

The Form 4 shows 3,822 phantom stock units for Ryan L. Hyman, each economically equivalent to one Spire common share. These units are part of a deferred income plan and are payable in annual installments over 15 years after his separation of employment.

When will Ryan L. Hyman’s Spire Inc (SR) phantom stock be paid out?

The phantom stock units are scheduled to be paid in annual installments for 15 years. Payments begin six months after Ryan L. Hyman’s separation of employment from Spire Inc, according to the deferred income plan’s terms noted in the footnote.

Can Ryan L. Hyman move his Spire Inc (SR) phantom stock into other investments?

Yes. The filing states that phantom stock shares can be transferred to other investments within his deferred income plan account. Such transfers are allowed any time at least six months after vesting, offering flexibility in how he allocates deferred compensation.

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^*

Hyman Ryan L

(Last)

(First)

(Middle)

700 MARKET STREET

(Street)

ST. LOUIS

MISSOURI

63101

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, CCIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/09/2026		S		3,822	D	$80.51	14,295	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	3,822		2,659	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable in annual installments payable for 15 years commencing 6 months following the reporting person's separation of employment 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 Hyman Ryan L	06/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR