Spire (SR) director Paul Koonce buys 2,000 shares at $85.81 in IRA
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spire Inc. director Paul D. Koonce reported an open-market purchase of Common Stock. On May 8, 2026, he bought 2,000 shares at $85.81 per share, held indirectly in an IRA, bringing that IRA position to 7,000 shares.
In addition, Koonce reports 5,540 shares of Common Stock held directly and 2,425 shares held indirectly in a revocable trust, over which he has sole voting and dispositive power. These figures together show his combined direct and indirect equity exposure to Spire.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($171,620)
Net Buy
3 txns
Insider
KOONCE PAUL D
Role
null
Bought
2,000 shs ($172K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $85.81 | $172K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,000 shares (Indirect, Held in an IRA);
Common Stock — 5,540 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares purchased: 2,000 shares
Purchase price: $85.81 per share
IRA holdings after transaction: 7,000 shares
+2 more
5 metrics
Shares purchased
2,000 shares
Open-market purchase of Common Stock on May 8, 2026
Purchase price
$85.81 per share
Price for 2,000-share open-market buy
IRA holdings after transaction
7,000 shares
Total Spire Common Stock held indirectly in an IRA
Direct holdings
5,540 shares
Spire Common Stock held directly by Paul D. Koonce
Revocable trust holdings
2,425 shares
Indirect Spire Common Stock in revocable trust with sole voting power
Key Terms
open-market purchase, Revocable Trust, IRA
3 terms
open-market purchase financial
"he bought 2,000 shares at $85.81 per share in an open-market transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Revocable Trust financial
"These shares are held in a revocable trust of which Mr. Koonce has sole voting"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
IRA financial
"he bought 2,000 shares at $85.81 per share, held indirectly in an IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What did Spire Inc. (SR) director Paul D. Koonce report in this Form 4?
Director Paul D. Koonce reported buying 2,000 shares of Spire Inc. Common Stock in an open-market transaction at $85.81 per share. The newly purchased shares are held indirectly in an IRA, increasing that IRA position to 7,000 shares of Common Stock.
How are Paul D. Koonce’s indirect Spire Inc. (SR) holdings structured?
Koonce’s indirect holdings include 7,000 shares of Common Stock in an IRA and 2,425 shares in a revocable trust. The filing notes he has sole voting and dispositive power over the revocable trust shares, indicating effective control over that block.