Aboaf Eric W. 4

What Happened

• Eric W. Aboaf, Chief Financial Officer of S&P Global (SPGI), exercised 1,091 derivative shares (options) on 2026-03-01 at a strike/consideration of $441.88 per share for a total cash cost of $482,091. To cover tax withholding, 479 shares were surrendered/withheld (disposed) valued at $441.88 each (~$211,661). He was also granted 4,643 restricted stock units (RSUs) on 03/01/2026 (no cash value at grant) subject to multi-year vesting.
• Net result of the exercise/tax withholding: 1,091 exercised - 479 withheld = 612 shares likely delivered to Aboaf (standard net settlement). The RSU grant is an award, not an immediate share purchase.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
• Exercise: 1,091 shares @ $441.88 = $482,091 (code M = exercise/conversion of derivative).
• Tax withholding: 479 shares @ $441.88 = $211,661 (code F = payment of exercise price or tax liability via share surrender).
• Grant: 4,643 RSUs @ $0.00 (code A = grant/award); RSUs convert to one share each upon vesting.
• Post-transaction shares held: not specified in the provided filing details.
• Footnotes: New RSUs (4,643) vest 33% on 03/01/2027, 33% on 03/01/2028, and 34% on 03/01/2029. Footnotes also list prior RSU grants with staggered vesting dates and earlier vesting events.

Context

• The pattern—exercising options and using a portion of shares to cover taxes—is a routine insider transaction (cashless/net settlement of tax withholding). The RSU grant is a compensation award that vests over three years and does not represent an immediate market purchase or sale.
• These transactions are informative about compensation and equity roll-out but do not, by themselves, indicate a change in the insider’s market view.