Spire Inc. Form 4 shows insider RSU vesting and tax withholding

Rhea-AI Filing Summary

Spire Inc. (SR) reported insider equity activity for Vice President and Treasurer Boyan N. Lalov on a Form 4 dated 11/18/2025. Several restricted stock awards vested, with some shares withheld to cover taxes. The filing shows 41 shares of common stock withheld for taxes related to 140 time-vested restricted shares, and 136 shares withheld for taxes tied to 477 performance contingent restricted stock units. It also records 477 performance contingent restricted stock units that vested and settled in stock, based on performance metrics not tied to the market price, and a new award of 290 time-vested restricted shares that vest on November 18, 2028. After these transactions, Lalov directly owns 1,150 common shares and has 552.899 shares in a company stock fund in the 401(k) plan as of November 17, 2025.

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

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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^*

Lalov Boyan N.

(Last) (First) (Middle)

700 MARKET STREET

(Street)

ST. LOUIS MO 63101

(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)

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

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		F		41(1)	D	$86.16	519	D
Common Stock	11/18/2025		A		477(2)	A	$86.16	996	D
Common Stock	11/18/2025		F		136(3)	D	$86.16	860	D
Common Stock	11/18/2025		A		290(4)	A	$86.16	1,150	D
Common Stock								552.899	I(5)	Held in 401(k)

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

Explanation of Responses:

1. Represents the number of shares withheld for the payment of taxes incident to the vesting of 140 shares of time-vested restricted stock.

2. Represents performance contingent restricted stock units that vested and settled in stock based on performance metrics not tied to the market price of the Company's stock.

3. Represents the number of shares withheld for the payment of taxes incident to the vesting of 477 performance contingent restricted stock units.

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

5. Shares held in Company stock fund of 401(k) plan as reported by trustee as of November 17, 2025.

Remarks:

	Courtney Vomund as attorney in fact for Lalov Boyan N.	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.
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FAQ

What insider transaction did Spire Inc. (SR) report for Boyan N. Lalov?

The filing reports equity transactions for Boyan N. Lalov, Vice President and Treasurer of Spire Inc., involving vesting of restricted stock, tax-share withholding, and a new restricted stock award on 11/18/2025.

How many Spire Inc. (SR) shares vested for Boyan N. Lalov on 11/18/2025?

The Form 4 shows 140 time-vested restricted shares vesting, with 41 withheld for taxes, and 477 performance contingent restricted stock units that vested and settled in stock, with 136 shares withheld for taxes.

What new equity award did Boyan N. Lalov receive from Spire Inc. (SR)?

Lalov received an award of 290 time-vested restricted shares of Spire Inc. common stock that are scheduled to vest on November 18, 2028.

How many Spire Inc. (SR) shares does Boyan N. Lalov own after the reported transactions?

After the reported transactions, Lalov directly owns 1,150 shares of Spire Inc. common stock and 552.899 shares held in a company stock fund within the 401(k) plan as of November 17, 2025.

At what price were the reported Spire Inc. (SR) share transactions recorded?

The common stock transactions reported in the Form 4 use a price of $86.16 per share for the tax-withholding and vesting entries.

What is Boyan N. Lalov’s role at Spire Inc. (SR)?

Boyan N. Lalov is reported as an Officer of Spire Inc., serving as Vice President and Treasurer.