[Form 4] S&P Global Inc. Insider Trading Activity
Edouard Tavernier, President of S&P Global Mobility, reported a sale of common stock and updates to restricted stock unit (RSU) holdings. The Form 4 shows a disposition of 1,799.146 shares of SPGI common stock at a reported price of $555, leaving the reporting person with 17,137.854 shares beneficially owned directly. The filing also itemizes restricted stock units representing contingent rights to receive shares: 485, 995, and 1,191 RSUs (totaling 2,671), each linked to multi-year vesting schedules from grants made on 03/01/2023, 03/01/2024 and 03/01/2025. The filing states vested shares will be delivered no later than the January 31 following each vesting date.
- Clear disclosure of a direct sale with specific share count and price, supporting transparency for investors
- Detailed RSU schedules are provided, including grant dates, vesting percentages, and delivery timing (delivery by January 31 following vesting)
- Reported disposition of 1,799.146 shares at $555, which reduces direct beneficial ownership to 17,137.854 shares
- No explicit statement in the filed content that the transaction was executed under a Rule 10b5-1 trading plan or similar prearranged instruction
Insights
TL;DR: Officer reported a partial sale of ~1,799 shares at $555 and holds ~17,138 shares plus 2,671 RSUs across scheduled vesting.
The Form 4 discloses a direct sale that reduces outright common stock holdings to 17,137.854 shares. The sale quantity and price are explicit in the filing and are accompanied by detailed RSU schedules showing future potential share delivery totaling 2,671 RSUs. For modeling ownership dilution or insider liquidity, use the combined current shares plus scheduled RSU deliveries when estimating future outstanding insider-aligned holdings. The filing provides clear numbers but no additional context on plan-driven execution.
TL;DR: Reporting is complete on holdings and vesting schedules; the filing documents a reported sale but does not indicate transaction authority details.
The disclosure meets Section 16 reporting: it lists a reported disposition of 1,799.146 shares, remaining direct ownership of 17,137.854 shares, and RSU positions with explicit vesting timetables and delivery timing. The filing does not explicitly state that the sale was executed under a Rule 10b5-1 plan or other pre-arranged instruction in the visible content. From a governance perspective, the form documents material insider activity and outlines when additional shares will be delivered, aiding transparency around potential future insider stock increases.