Doyle Scott Edward 4

What Happened Doyle Scott Edward (Scott Doyle), CEO, President and a director of Spire Inc. (SR), had 3,420 time-vested restricted shares vest and 1,359 of those shares were withheld to satisfy tax withholding. The withheld shares were valued at $83.59 each, for a total value of $113,599. The transaction is reported as code F (share withholding to pay taxes), a routine disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (timely within SEC two-business-day window). Accession: 0001699158-26-000002.
• Withheld shares: 1,359 at $83.59 per share; total ~$113,599.
• Vesting: These withholdings are tied to the vesting of 3,420 time-vested restricted stock shares (originally reported to vest Jan 17, 2026; vesting occurred Jan 20 due to weekend/holiday). (Footnote F1)
• Deferred/phantom shares: The filing notes a deferral election resulting in phantom stock treatment for certain vested awards; phantom shares vest Nov 22, 2027 and are payable in cash in installments Jan 2029–2033 (Footnote F2).
• Shares owned after transaction: Not specified in this Form 4.
• Transaction code: F = tax withholding (routine, not a market sale).

Context Tax-withholding dispositions on RSU vesting are common and generally procedural — they satisfy tax obligations and do not necessarily indicate a change in insider sentiment. The filing also reflects an election to defer some vested awards into phantom stock (cash-settled over future years), which is a compensation deferral choice rather than a market transaction.