Kemps Steven J 4

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.