Ferrari Vincent J 4

What Happened
Vincent J. Ferrari, a director of SPIRE INC (SR), received an award of 1,640 restricted shares on February 5, 2026. The filing values the award at $85.27 per share, for a total of approximately $139,843. This transaction is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed timely).
• Price used for valuation: $85.27 per share (price as of close on Feb 5, 2026).
• Total shares awarded: 1,640; Total value reported: ~$139,843.
• Vesting: Time‑vested restricted stock that vests on August 5, 2026 (footnote).
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax‑withholding sale, or cashless exercise noted.

Context
Restricted stock awards to directors are commonly part of compensation and typically vest over time; they are not the same as an insider buying shares in the open market. Such awards are routine corporate compensation and should be interpreted as grant activity rather than a direct market sentiment signal.