Le Pallec Yann 4
4 · S&P Global Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
S&P Global President Yann Le Pallec Receives RSU Award
What Happened Yann Le Pallec, President of S&P Global Ratings, received a grant of 2,143 restricted stock units (RSUs) on March 1, 2026. The award is reported as a derivative grant (code A) at $0.00 per share — RSUs are contingent rights to receive shares upon vesting, so no cash changed hands at grant.
Key Details
- Transaction date: 2026-03-01; filing date: 2026-03-03 (Form 4 filed timely).
- Grant: 2,143 RSUs (reported as 2,143 shares @ $0.00).
- Vesting schedule for this grant (per footnote): 33% on 03/01/2027, 33% on 03/01/2028, and 34% on 03/01/2029.
- Prior grants noted in the filing: 366 RSUs from 03/01/2024 (remaining vesting 34% on 12/31/2026) and 1,009 RSUs from 03/01/2025 (future vesting through 12/31/2027). Vested shares from those prior grants are delivered no later than January 31 following the vesting date.
- Shares owned after the transaction: not specified in the filing.
- Transaction type: Award/grant (A); derivative RSUs — not a purchase or sale.
Context RSU grants are a common form of executive compensation meant to align management with shareholder interests; they do not represent immediate stock purchases or sales. Because these RSUs vest over multiple years, they only convert into actual shares (and potential taxable events) as each vesting date is reached. The filing appears timely and contains customary vesting and delivery provisions.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-01+2,143→ 2,143 totalExercise: $0.00→ Common Stock (2,143 underlying)
- 2,859
Common Stock
- 126
Restricted Stock Units
[F1][F3]Exercise: $0.00→ Common Stock (126 underlying) - 677
Restricted Stock Units
[F1][F4]Exercise: $0.00→ Common Stock (677 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
- [F2]The reporting person was granted 2,143 restricted stock units on 03/01/2026, subject to 3-year vesting. The restricted stock units will vest 33% on 03/01/2027, 33% on 03/01/2028 and 34% on 03/01/2029.
- [F3]As previously reported, the reporting person was granted 366 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.
- [F4]As previously reported, the reporting person was granted 1,009 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.