Spire Inc. SVP details restricted stock and phantom awards

Rhea-AI Filing Summary

Spire Inc. (SR) senior executive reports equity awards and related tax withholdings. On 11/18/2025, the SVP and President, Spire Missouri, reported several transactions in Spire common stock at $86.16 per share. These included 588 performance-based restricted stock units that vested and settled in stock, 710 new shares of time-vested restricted stock that vest on November 18, 2028, and shares withheld to cover taxes on vesting events. Following these transactions, the executive directly held about 3,953.97 shares of common stock, including shares from the Dividend Reinvestment Plan.

The filing also details activity in deferred compensation in the form of phantom stock. The executive deferred 590 shares of performance-based stock and 175 shares of time-vested restricted stock into phantom stock units, each economically equivalent to one Spire common share. These phantom shares, totaling 1,836 units after tax-related withholdings, are payable in cash in January 2027 and may be reallocated within the deferred income plan after a six-month post-vesting period.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Mills Stephen M

Role SVP, President, Spire MO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	590	$86.16	$51K
Tax Withholding	Phantom Stock	14	$86.16	$1K
Grant/Award	Phantom Stock	175	$86.16	$15K
Tax Withholding	Phantom Stock	5	$86.16	$430.80
Tax Withholding	Common Stock	83	$86.16	$7K
Grant/Award	Common Stock	588	$86.16	$51K
Tax Withholding	Common Stock	277	$86.16	$24K
Grant/Award	Common Stock	710	$86.16	$61K

Holdings After Transaction: Phantom Stock — 1,680 shares (Direct); Common Stock — 2,830 shares (Direct)

Footnotes (1)

1. Represents the number of shares withheld for the payment of taxes incident to the vesting of 175 shares of time-vested restricted stock. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 175 shares of vested time-vested restricted stock. The beginning balance accounts for 885 shares that were reported on the initial Form 3 but were omitted from the reporting person's subsequently filed Form 4s. Represents performance contingent restricted 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 588 shares of performance contingent restricted stock units. Represents award of time-vested restricted stock that vests November 18, 2028. Includes shares acquired through the Dividend Reinvestment Plan. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 590 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 in cash to the reporting person in January 2027 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. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 590 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 175 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 in cash to the reporting person in January 2027 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Mills Stephen M

(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)
	SVP, President, Spire MO

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		83(1)	D	$86.16	2,830(2)	D
Common Stock	11/18/2025		A		588(3)	A	$86.16	3,418	D
Common Stock	11/18/2025		F		277(4)	D	$86.16	3,141	D
Common Stock	11/18/2025		A		710(5)	A	$86.16	3,953.97(6)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(7)	11/18/2025		A		590		(7)	(7)	Common Stock	590	$86.16	1,680	D
Phantom Stock	(8)	11/18/2025		F			14	(8)	(8)	Common Stock	14	$86.16	1,666	D
Phantom Stock	(9)	11/18/2025		A		175		(9)	(9)	Common Stock	175	$86.16	1,841	D
Phantom Stock	(10)	11/18/2025		F			5	(10)	(10)	Common Stock	5	$86.16	1,836	D

Explanation of Responses:

1. Represents the number of shares withheld for the payment of taxes incident to the vesting of 175 shares of time-vested restricted stock.

2. The beginning balance accounts for 885 shares that were reported on the initial Form 3 but were omitted from the reporting person's subsequently filed Form 4s.

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

4. Represents the number of shares withheld for the payment of taxes incident to the vesting of 588 shares of performance contingent restricted stock units.

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

6. Includes shares acquired through the Dividend Reinvestment Plan.

7. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 590 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 in cash to the reporting person in January 2027 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.

8. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 590 shares of vested performance contingent stock.

9. Represents phantom stock vesting to the reporting person pursuant to his election to defer into his deferred income plan account 175 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 in cash to the reporting person in January 2027 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.

10. Represents the number of shares of phantom stock withheld for the payment of taxes incident to the vesting of 175 shares of vested time-vested restricted stock.

Remarks:

	/s/ Courtney Vomund as attorney in fact for Mills, Stephen M.	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.

FAQ

What insider transaction did Spire Inc. (SR) report on November 18, 2025?

On 11/18/2025, a Spire Inc. senior officer reported multiple equity transactions, including vesting of restricted stock units, new time-vested restricted stock grants, and related tax-withholding share dispositions, all at $86.16 per share.

How many Spire Inc. common shares does the executive own after these Form 4 transactions?

After the reported transactions, the executive beneficially owned 3,953.97 shares of Spire Inc. common stock directly, which includes shares acquired through the Dividend Reinvestment Plan.

What new restricted stock awards did the Spire (SR) executive receive?

The executive received an award of 710 shares of time-vested restricted stock that is scheduled to vest on November 18, 2028, in addition to shares from performance-contingent restricted units that vested and settled in stock.

What is the phantom stock reported by the Spire Inc. insider?

The filing reports phantom stock units where each unit is the economic equivalent of one share of Spire Inc. common stock. These units are held in the executive's deferred income plan account and are payable in cash.

How many phantom stock units does the Spire (SR) executive hold after the transactions?

Following the reported activity, the executive beneficially owned 1,836 phantom stock units directly, reflecting both new deferrals and tax-related phantom stock withholdings.

When will the Spire Inc. phantom stock units be paid to the executive?

The phantom stock units associated with the deferral of 590 performance-contingent shares and 175 time-vested restricted shares are payable in cash in January 2027, according to the deferral election terms.

What role does the reporting person hold at Spire Inc. (SR)?

The reporting person is an officer of Spire Inc., serving as SVP, President, Spire MO, as indicated in the relationship section of the Form 4.