Kemps Steven J 4
4 · S&P Global Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
S&P Global (SPGI) EVP & CLO Steven J. Kemps Receives Award; Shares Withheld
What Happened Steven J. Kemps, Executive Vice President and Chief Legal Officer of S&P Global (SPGI), acquired 7,551 shares on 2026-02-24 due to the achievement of a performance-based award. On the same date, 2,939 shares were withheld/disposed to satisfy tax withholding obligations at $418.27 per share, resulting in proceeds of $1,229,296 (reported as a disposition for tax withholding).
Key Details
- Transaction dates: 2026-02-24 (reported on Form 4 filed 2026-02-26).
- Award/acquisition: 7,551 shares recorded as an acquisition (code A) at $0.00 (F1 indicates these were performance-share units that vested).
- Tax withholding/disposition: 2,939 shares withheld/disposed (code F) at $418.27 each, totaling $1,229,296 (F2 notes withholding under the company’s 2019 Stock Incentive Plan).
- Shares owned after the transaction: Not specified in the provided filing details.
- Related notes: F3 explains restricted stock units equal one share each; F4 and F5 describe prior RSU grants and vesting schedules; filing appears timely (filed two days after the transaction date).
Context This was not an open-market sale by the insider but routine tax withholding connected to vested equity (i.e., shares were withheld to satisfy payroll/tax obligations). The primary action is the vesting/receipt of performance shares (a compensation event), which increases the insider’s beneficial ownership before the withholding. Routine withholding for taxes is a common administrative step and not necessarily an indicator of the insider’s view on the company’s stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24+7,551→ 16,080 total - Tax Payment
Common Stock
[F2]2026-02-24$418.27/sh−2,939$1,229,296→ 13,141 total
- 606
Restricted Stock Units
[F3][F4]Exercise: $0.00→ Common Stock (606 underlying) - 1,071
Restricted Stock Units
[F3][F5]Exercise: $0.00→ Common Stock (1,071 underlying)
Footnotes (5)
- [F1]Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award.
- [F2]Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3.
- [F3]Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
- [F4]As previously reported, the reporting person was granted 1,780 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
- [F5]As previously reported, the reporting person was granted 1,598 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.