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.
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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.
How many Spire Inc. (SR) common shares does the CEO hold after this Form 4 transaction?
Following the tax withholding of 1,359 shares, the CEO beneficially owned 8,441 shares of Spire Inc. common stock directly, as reported in the Form 4.
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.