Ernsberger David P 4
Research Summary
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S&P Global (SPGI) David P. Ernsberger Receives Award, Withholds Shares
What Happened
- David P. Ernsberger, President, S&P Global Energy, was credited with 1,508 shares on 2026-02-24 as the result of a performance-based award (acquired at $0). On the same date 709 shares were withheld to satisfy tax withholding obligations at an implied value of $418.27 per share, representing proceeds/withholding of approximately $296,553.
- The award reflects the achievement of a performance goal under a performance share unit award; the withholding is a tax payment under the company’s 2019 Stock Incentive Plan.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed two days after the transaction; appears timely).
- Award (Code A): 1,508 shares acquired at $0.00 (performance-based RSU-like award; footnote F1/F3).
- Withholding (Code F): 709 shares withheld/disposed at $418.27 per share; total value ≈ $296,553 (footnote F2 describes withholding under the 2019 Stock Incentive Plan).
- Footnotes: F1 indicates acquisition due to performance goal; F2 notes withholding under Rule 16b-3 exemption; F3 explains RSUs equal one share; F4/F5 summarize previously reported RSU grants and vesting schedules.
- Shares owned after the transaction: not specified in the supplied Form 4 excerpt.
Context
- This was not an open-market sale by the insider; the 709-share disposition was tax withholding to cover the award’s tax liability (a common administrative transaction), while 1,508 shares were newly acquired due to performance vesting.
- For retail investors: awards and withholding are routine compensation events and do not necessarily indicate the insider is buying or selling stock for investment reasons.
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