S&P Global (SPGI) Ratings president gets 1,698-share award, 902 withheld for taxes

Rhea-AI Filing Summary

S&P Global Inc. reported that Yann Le Pallec, President of S&P Global Ratings, received an equity award tied to performance goals and had shares withheld for taxes. He acquired 1,698 shares of common stock on February 24, 2026 at a stated price of $0 per share as a grant based on achievement under a performance share unit award. On the same date, 902 shares were disposed of at $418.27 per share to satisfy tax-withholding obligations under the 2019 Stock Incentive Plan. Following these transactions, he directly owned 2,859 common shares. He also holds restricted stock units, including 126 units from a 2024 grant and 677 units from a 2025 grant, which vest in stages through December 31, 2027, with shares delivered by January 31 after each vesting date.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Le Pallec Yann

Role President, S&P Global Ratings

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,698	$0.00	--
Tax Withholding	Common Stock	902	$418.27	$377K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Common Stock — 3,761 shares (Direct); Restricted Stock Units — 126 shares (Direct)

Footnotes (1)

1. Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award. Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Le Pallec Yann

(Last) (First) (Middle)

55 WATER STREET

(Street)

NEW YORK NY 10041

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
S&P Global Inc. [ SPGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, S&P Global Ratings

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2026		A(1)		1,698	A	$0	3,761	D
Common Stock	02/24/2026		F(2)		902	D	$418.27	2,859	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(3)	$0							(4)	(4)	Common Stock	126		126	D
Restricted Stock Units(3)	$0							(5)	(5)	Common Stock	677		677	D

Explanation of Responses:

1. Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award.

2. Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3.

3. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.

4. 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.

5. 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.

Remarks:

	/s/ Judah Bareli, Attorney-in-Fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did S&P Global (SPGI) report for Yann Le Pallec?

S&P Global reported that Yann Le Pallec received 1,698 shares of common stock as a performance-based equity grant and had 902 shares withheld at $418.27 each to cover tax obligations, leaving him with 2,859 directly owned shares after these transactions.

Was the SPGI Form 4 transaction a stock purchase or sale by Yann Le Pallec?

The activity was not an open-market buy or sale. Le Pallec received 1,698 shares as a performance-based grant and 902 shares were disposed of solely to satisfy tax-withholding obligations under S&P Global’s 2019 Stock Incentive Plan.

How many S&P Global (SPGI) shares does Yann Le Pallec own after the Form 4 filings?

After the reported Form 4 transactions, Yann Le Pallec directly owns 2,859 shares of S&P Global common stock. This reflects the 1,698-share grant and the 902-share tax withholding that were both reported for February 24, 2026.

What price was used for the tax-withholding share disposition in the SPGI Form 4?

The tax-withholding disposition used a price of $418.27 per S&P Global share. A total of 902 shares were withheld at this price to satisfy tax obligations linked to Yann Le Pallec’s equity compensation award.

What restricted stock units does Yann Le Pallec hold in S&P Global (SPGI)?

Le Pallec holds restricted stock units representing contingent rights to SPGI shares. He has 126 units from a 2024 grant and 677 units from a 2025 grant, with vesting scheduled in tranches through December 31, 2027, followed by share delivery each January.

How do the SPGI restricted stock units for Yann Le Pallec vest over time?

The 2024 grant of 366 restricted stock units vests 33% in 2024, 33% in 2025, and 34% in 2026. The 2025 grant of 1,009 units vests 33% in 2025, 33% in 2026, and 34% in 2027, with shares delivered by January 31 after each vesting.