CHEUNG MARTINA 4
4 · S&P Global Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
S&P Global CEO Martina Cheung Receives Award, Withholds Shares
What Happened Martina Cheung, CEO & President and a director of S&P Global (SPGI), was credited with 12,273 shares on Feb 24, 2026 as the result of a performance-based award (acquisition at $0.00). On the same date, 6,266 of those shares were withheld to satisfy tax withholding obligations at an effective price of $418.27 per share, a total withholding value of $2,620,880. The withholding transaction is reported as exempt and made under the company’s 2019 Stock Incentive Plan.
Key Details
- Transaction date: 2026-02-24 (Form 4 filed 2026-02-26).
- Award: 12,273 shares acquired due to achievement of a performance goal (reported at $0.00).
- Withholding (tax): 6,266 shares withheld/disposed at $418.27 each = $2,620,880.
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes: F1 = acquisition from performance share unit award; F2 = withholding under the 2019 Stock Incentive Plan and exempt under Rule 16b-3; F3–F5 = statements on restricted stock unit mechanics and prior RSU grants with multi-year vesting schedules.
- Filing timeliness: Form 4 was filed two days after the transaction date; no late filing flag indicated.
Context This filing reflects a common executive compensation event: performance-based stock units vesting (an award) and a routine share withholding to cover taxes. Withholding of shares for tax purposes is standard and does not necessarily indicate a deliberate open-market sale or change in sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24+12,273→ 31,462 total - Tax Payment
Common Stock
[F2]2026-02-24$418.27/sh−6,266$2,620,880→ 25,196 total
- 891
Restricted Stock Units
[F3][F4]Exercise: $0.00→ Common Stock (891 underlying) - 3,381
Restricted Stock Units
[F3][F5]Exercise: $0.00→ Common Stock (3,381 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 2,619 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 5,046 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.