KOONCE PAUL D 4

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.