KOONCE PAUL D 4
4 · SPIRE INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Spire (SR) Director Paul Koonce Sells 8,846 Shares for $221K
What Happened Paul D. Koonce, a director of Spire Inc. (SR), disposed of 8,846 depositary shares on February 13, 2026, at $25.00 per share for a total cash value of $221,150. The reported disposition is coded as "J" (other acquisition or disposition) and resulted from Spire’s corporate redemption of its Series A Preferred Stock and related depositary shares, not an open-market sale.
Key Details
- Transaction date: February 13, 2026; Filing date: February 17, 2026 (filing appears timely).
- Price and value: 8,846 shares × $25.00 = $221,150.
- Transaction code: J — “Other acquisition or disposition” (here, redemption).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — Spire completed redemption of all Series A Preferred Stock/depositary shares on Feb 13, 2026; holders receive cash and the shares cease to be outstanding. F2 — These shares were held in a revocable trust over which Mr. Koonce has sole voting and dispositive power.
Context This was a corporate redemption of preferred/depositary shares, which is a liquidity event for holders rather than a directional insider trade. Such redemptions are routine corporate actions and do not necessarily signal insider sentiment about the common stock.
Insider Transaction Report
- Other
5.9% Series A. Cumulative Redeemable Perpet. Preferred Stock
[F1]2026-02-13$25.00/sh−8,846$221,150→ 0 total(indirect: By Trust)
- 5,540
Common Stock
- 2,425(indirect: By Trust)
Common Stock
[F2] - 5,000(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]On February 13, 2026, Spire completed the previously announced redemption of all outstanding shares of Series A Preferred Stock and the corresponding depositary shares representing fractional interests in the Series A Preferred Stock. The Series A Preferred Stock will cease to accumulate dividends immediately prior to the redemption date of February 13, 2026. Upon redemption, the Series A Preferred Stock (or related depositary shares) will no longer be outstanding, and all rights of the holders will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest.
- [F2]These shares are held in a revocable trust of which Mr. Koonce has sole voting and dispositive power.