Le Pallec Yann 4

What Happened

• Yann Le Pallec, President of S&P Global Ratings, was credited with 1,698 shares on 2026-02-24 due to the achievement of a performance share award (transaction code A). To satisfy withholding obligations, 902 shares were withheld/disposed on the same date at $418.27 per share, yielding about $377,280 (transaction code F). The award shares were reported as acquired at $0.00 on the Form 4 (typical for vested awards).

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (no late filing indicated).
• Award: 1,698 shares granted/acquired (performance-share vesting, recorded at $0.00).
• Withholding/disposition: 902 shares withheld/disposed at $418.27 each; total proceeds ≈ $377,280.
• Shares owned after transaction: not disclosed in the provided filing.
• Relevant footnotes:
  • F1: Acquisition due to achievement of performance goals under a performance share unit award.
  • F2: Withholding of shares under S&P Global’s 2019 Stock Incentive Plan to cover taxes (exempt transaction under Rule 16b-3).
  • F3: Each restricted stock unit (RSU) equals one share of common stock.
  • F4/F5: References to prior RSU grants (03/01/2024 and 03/01/2025) and their multi-year vesting schedules.

Context

• These transactions reflect a vested/earned equity award (performance RSUs) and routine tax withholding rather than an open-market sale or independent purchase. Withholding of shares to cover tax is a common, administrative step and does not by itself imply a change in the insider’s view of the company.