Spire director reports preferred share redemption
Spire Inc. director Paul D. Koonce reported a transaction involving the company’s 5.9% Series A Cumulative Redeemable Perpetual Preferred Stock.
Rhea-AI Filing Summary
Spire Inc. director Paul D. Koonce reported a transaction involving the company’s 5.9% Series A Cumulative Redeemable Perpetual Preferred Stock. On February 13, 2026, Spire completed the previously announced redemption of all outstanding shares of this preferred series and the related depositary shares.
As part of this company-wide redemption, 8,846 preferred shares held in a revocable trust for Mr. Koonce at $25 per share were redeemed, leaving him with no remaining holdings of that series. He continues to hold Spire common stock, including 5,540 shares directly, 2,425 shares in a revocable trust, and 5,000 shares in an IRA.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | 5.9% Series A. Cumulative Redeemable Perpet. Preferred Stock | 8,846 | $25.00 | $221K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. On February 13, 2026, Spire completed the previously announced redemption of all outstanding shares of Series A Preferred Stock and the corresponding depositary shares representing fractional interests in the Series A Preferred Stock. The Series A Preferred Stock will cease to accumulate dividends immediately prior to the redemption date of February 13, 2026. Upon redemption, the Series A Preferred Stock (or related depositary shares) will no longer be outstanding, and all rights of the holders will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest.
- F2. These shares are held in a revocable trust of which Mr. Koonce has sole voting and dispositive power.
FAQ
What insider transaction did Spire Inc. (SR) report for Paul D. Koonce?
Does Paul D. Koonce still own any Spire Series A preferred stock after this Form 4?
What does the revocable trust footnote mean in Paul D. Koonce’s Spire holdings?
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