Craig Christopher 4

What Happened
Craig Christopher, SVP and Controller of S&P Global (SPGI), had 768 restricted stock units (RSUs) convert into common shares on 2026-02-12. The conversion is reported as an exercise/conversion of a derivative (code M) with a reported per-share price of $397.20, valuing the 768 shares at $305,050. To satisfy tax withholding (code F), 277 of those shares were withheld/disposed at the same per-share value (277 × $397.20 = $110,024). Net to Mr. Christopher after withholding: 491 shares, worth roughly $195,026 based on $397.20 per share. The filing also shows a $0.00 derivative conversion line reflecting RSU settlement.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-13) — timely filing.
• Shares converted/acquired: 768 shares at $397.20, total $305,050.
• Shares withheld for taxes: 277 shares at $397.20, total $110,024 (tax withholding, code F).
• Net shares added: 491 shares (768 − 277), approx. $195,026 value.
• Footnotes of note:
  • F1: Each restricted stock unit converts to one share of common stock.
  • F2: These 768 shares are the 33% tranche that vested from a 2,328 RSU grant dated 02/12/2024 (remaining tranches vest per schedule).
  • F3–F5: Other previously reported RSU grants and vesting schedules are listed in the filing.
• Shares owned after transaction: not specified in the provided data from the filing.

Context
This was a routine RSU vesting and settlement transaction, not an open-market buy or sale. The withholding of shares to cover tax liability is common in RSU settlements (a cashless method of satisfying tax obligations). The filing shows both the RSU conversion and the withholding; no separate open-market sale or 10% owner activity is indicated.