Le Pallec Yann 4

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.