Spire Inc. officer details restricted stock and phantom units in Form 4

Q: What common stock transactions are reported for Spire Inc. (SR)?

The report shows restricted stock and performance contingent restricted stock units vesting at a price of $86.16 per share, with certain shares acquired and others withheld to pay taxes.

Q: What are the phantom stock units mentioned in the Spire (SR) Form 4?

The filing states that phantom stock units are credited when the officer elects to defer vested stock; each unit is the economic equivalent of one share of Spire common stock.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Spire Inc. (SR) senior vice president and chief customer and innovation officer reported multiple equity transactions on November 18, 2025 under a Form 4 filing. The activity includes vesting of time-vested restricted stock and performance contingent restricted stock units, with some shares withheld to cover taxes and others added to the officer’s holdings.

The officer also elected to defer part of these vested awards into a phantom stock deferred income plan. Each phantom stock unit is the economic equivalent of one share of Spire common stock and is scheduled to be paid over 15 years, beginning six months after the officer’s separation from employment. After these transactions, the officer continues to hold common stock directly as well as a balance of phantom stock units.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Hyman Ryan L

Role SVP, CCIO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,238	$86.16	$107K
Tax Withholding	Phantom Stock	30	$86.16	$3K
Grant/Award	Phantom Stock	370	$86.16	$32K
Tax Withholding	Phantom Stock	9	$86.16	$775.44
Tax Withholding	Common Stock	109	$86.16	$9K
Grant/Award	Common Stock	1,238	$86.16	$107K
Tax Withholding	Common Stock	363	$86.16	$31K
Grant/Award	Common Stock	760	$86.16	$65K

Holdings After Transaction: Phantom Stock — 2,328 shares (Direct); Common Stock — 16,482 shares (Direct)

Footnotes (1)

Represents the number of shares withheld for the payment of taxes incident to the vesting of 370 shares of time-vested restricted stock. 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. Represents the number of shares withheld for the payment of taxes incident to the vesting of 1,238 performance contingent restricted stock units. Represents award of time-vested restricted stock that vests on November 18, 2028. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 1,238 shares of performance contingent stock. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable for 15 years commencing 6 months following the reporting person's separation from employment. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 1,238 shares of vested performance contingent stock. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 370 shares of time-vested restricted stock. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable for 15 years commencing 6 months following the reporting person's separation from employment. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 370 shares of time-vested restricted stock.

Form 4 Insider Transactions: What Each Field Means →

11/20/2025 - 11:34 AM

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

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)
	SVP, CCIO

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)
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	11/18/2025		F		109⁽¹⁾	D	$86.16	16,482	D
Common Stock	11/18/2025		A		1,238⁽²⁾	A	$86.16	17,720	D
Common Stock	11/18/2025		F		363⁽³⁾	D	$86.16	17,357	D
Common Stock	11/18/2025		A		760⁽⁴⁾	A	$86.16	18,117	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	⁽⁵⁾	11/18/2025		A		1,238		⁽⁵⁾	⁽⁵⁾	Common Stock	1,238	$86.16	2,328	D
Phantom Stock	⁽⁶⁾	11/18/2025		F			30	⁽⁶⁾	⁽⁶⁾	Common Stock	30	$86.16	2,298	D
Phantom Stock	⁽⁷⁾	11/18/2025		A		370		⁽⁷⁾	⁽⁷⁾	Common Stock	370	$86.16	2,668	D
Phantom Stock	⁽⁸⁾	11/18/2025		F			9	⁽⁸⁾	⁽⁸⁾	Common Stock	9	$86.16	2,659	D

Explanation of Responses:

1. Represents the number of shares withheld for the payment of taxes incident to the vesting of 370 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 1,238 performance contingent restricted stock units.

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

5. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 1,238 shares of performance contingent stock. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable for 15 years commencing 6 months following the reporting person's separation from employment.

6. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 1,238 shares of vested performance contingent stock.

7. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 370 shares of time-vested restricted stock. Each share of phantom stock is the economic equivalent of one share of Spire Inc. common stock. Shares of phantom stock are payable for 15 years commencing 6 months following the reporting person's separation from employment.

8. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 370 shares of time-vested restricted stock.

Remarks:

	Courtney Vomund as attorney in fact for Hyman Ryan L	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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Spire Inc. (SR) disclose in this Form 4 filing?

The filing reports equity transactions by a senior officer on November 18, 2025, including vesting of restricted stock, performance units, related tax withholding, and phantom stock deferrals.

Who is the reporting person in the Spire Inc. (SR) Form 4?

The reporting person is an officer of Spire Inc. serving as SVP, CCIO (senior vice president and chief customer and innovation officer), filing as a single reporting person.

What common stock transactions are reported for Spire Inc. (SR)?

The report shows restricted stock and performance contingent restricted stock units vesting at a price of $86.16 per share, with certain shares acquired and others withheld to pay taxes.

What are the phantom stock units mentioned in the Spire (SR) Form 4?

The filing states that phantom stock units are credited when the officer elects to defer vested stock; each unit is the economic equivalent of one share of Spire common stock.

When will the phantom stock units reported by Spire Inc. be paid?

According to the disclosure, shares of phantom stock are payable for 15 years, commencing 6 months after the reporting person’s separation from employment.

Why were some Spire Inc. shares withheld in this Form 4?

The explanations state that certain common and phantom stock amounts represent shares withheld for the payment of taxes incident to the vesting of restricted and performance contingent stock.