Newberry Brenda D 4
Research Summary
AI-generated summary
Spire Inc Director Brenda Newberry Receives Award of 1,640 Shares
What Happened
Brenda D. Newberry, a director of Spire Inc (SR), was granted 1,640 time-vested restricted shares on February 5, 2026. The award is recorded at $85.27 per share for a total value of $139,843. This was an equity award (not an open-market purchase or sale) that vests on August 5, 2026.
Key Details
- Transaction date: February 5, 2026; Form 4 filed February 9, 2026 (within the typical two-business-day window).
- Shares granted: 1,640 restricted shares.
- Price used for reporting: $85.27 per share (price as of close of business on Feb 5, 2026).
- Total reported value: $139,843.
- Vesting: Time-vested; vests on August 5, 2026.
- Ownership: Shares are held in a revocable trust over which Ms. Newberry has sole voting and dispositive power.
- Shares owned after the transaction: Not specified in this Form 4.
Context
Restricted stock awards are typically compensation-related and vest over time; they differ from open-market purchases and do not by themselves indicate a buying/selling intent. The shares being held in a revocable trust with sole voting/dispositive power means Ms. Newberry controls the shares, but the award remains subject to the stated vesting schedule.