Spire (SR) CEO reports tax withholding and 8,400 phantom units
Rhea-AI Filing Summary
Spire Inc. CEO and President Doyle Scott Edward reported a tax-related share withholding and an updated deferred compensation balance. On January 20, 2026, 1,359 shares of Spire common stock were withheld at $83.59 per share to cover taxes tied to the vesting of 3,420 time-vested restricted shares. After this withholding, he beneficially owned 8,441 shares of common stock directly.
The filing also shows 8,400 units of phantom stock, representing deferred restricted stock awards. This phantom stock is economically equivalent to Spire common shares, vests on November 22, 2027, and is scheduled to be paid in cash in January 2029, 2030, 2031, 2032 and 2033, with flexibility to shift into other investments in his deferred income plan after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,359 | $83.59 | $114K |
| holding | Phantom Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares withheld for the payment of taxes incident to the vesting of 3,420 shares of time-vested restricted stock. These shares were originally reported to vest on January 17, 2026, but that date fell on a Saturday and Monday, January 19, 2026 was a Securities and Exchange Commission holiday. 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.
FAQ
What insider transaction did Spire Inc. (SR) report for its CEO on January 20, 2026?
On January 20, 2026, Spire Inc. CEO and President Doyle Scott Edward reported an F-code transaction in which 1,359 common shares were withheld at $83.59 per share to pay taxes related to the vesting of 3,420 time-vested restricted shares.
What does the F transaction code mean in the Spire Inc. (SR) Form 4 filing?
The F transaction code in the Form 4 indicates shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of equity awards, rather than an open-market buy or sell.
What phantom stock holdings did the Spire Inc. (SR) CEO report?
The CEO reported 8,400 units of phantom stock, awarded through his election to defer time-vested restricted stock into his deferred income plan account. Each unit is the economic equivalent of one share of Spire common stock.
When does the Spire Inc. (SR) phantom stock vest and how is it paid?
The phantom stock vests on November 22, 2027. The units are scheduled to be paid in cash to the reporting person in January 2029, 2030, 2031, 2032 and 2033.
Can the Spire Inc. (SR) CEO change his phantom stock investment after vesting?
Yes. The filing states that the phantom stock can be transferred to other investments within the CEO's deferred income plan account at any time at least six months after vesting.