[Form 4] S&P Global Inc. Insider Trading Activity

Rhea-AI Filing Summary

William W. Eager, President, S&P Global Mobility, reported transactions on Form 4. The filing shows a disposal of 6,201.589 shares of S&P Global common stock reported in Table I, and multiple restricted stock unit (RSU) holdings and movements reported in Table II. On 08/15/2025 the reporting person was granted 3,569 new RSUs that vest 100% on 08/15/2028 (three-year cliff). Several other RSU tranches are detailed: 3,569 RSUs converted from IHS Markit awards with performance conditions that lapsed, an acquisition of 11,124 RSUs on 03/04/2025 upon satisfaction of performance criteria, and outstanding time-based RSU grants of 444, 349, and 392 units with staggered vesting through 12/31/2027. The Form is signed by an attorney-in-fact on 08/19/2025. The filing documents equity compensation activity and an insider disposition without providing sale price or proceeds.

Positive

• 3,569 RSU grant on 08/15/2025 with a 3-year cliff vesting (vests 100% on 08/15/2028), supporting long-term alignment.
• Conversion of IHS Markit RSUs with clarified terms following the merger, simplifying award treatment going forward.

Negative

• Disposition of 6,201.589 shares reported in Table I (no sale price disclosed), indicating insider share sales during the period.

Insights

Financial Analyst

TL;DR: Routine insider RSU grants and staggered vesting, plus a reported disposal of 6,201.589 shares; limited immediate market impact.

The Form 4 reflects standard executive equity compensation and vesting mechanics rather than operational changes. The 3,569 RSU grant with a three-year cliff aligns long-term incentive structure. The reported disposal of 6,201.589 shares is material to monitor but the filing does not disclose price or whether it was part of a planned trading arrangement. Converted IHS Markit RSUs had performance vesting lapse, which simplifies future vesting expectations for those units. Overall, this is typical insider compensation and portfolio activity; absent price or proportion-of-holdings context, market implications are limited.

Executive Compensation Specialist

TL;DR: Grant and conversion activity shows retention-focused awards and administrative adjustments after the IHS Markit merger.

The 3,569 RSU award with 100% vesting after three years is a retention-oriented, time-based award. The conversion of IHS Markit RSUs and lapse of performance conditions indicates those legacy awards are now governed by post-merger terms, reducing future performance-based variability. Multiple tranches with typical 33/33/34 vesting schedules indicate phased delivery through year-end dates, with shares delivered no later than the following January 31 after vesting. These are routine compensation structures; nothing in the filing signals accelerated vesting, repricing, or unusual amendments.

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^*

Eager William W

(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 Mobility

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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								6,201.589	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(1)	$0	08/15/2025		A		3,569		(2)	(2)	Common Stock	3,569	$0	3,569	D
Restricted Stock Units(1)	$0							(3)	(3)	Common Stock	254		254	D
Restricted Stock Units(1)	$0							(4)	(4)	Common Stock	7,454		7,454	D
Restricted Stock Units(1)	$0							(5)	(5)	Common Stock	152		152	D
Restricted Stock Units(1)	$0							(6)	(6)	Common Stock	234		234	D
Restricted Stock Units(1)	$0							(7)	(7)	Common Stock	392		392	D

Explanation of Responses:

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

2. The reporting person was granted 3,569 restricted stock units on 8/15/2025, subject to 3-year cliff vesting. The restricted stock units will vest 100% on 8/15/2028.

3. As previously reported, these restricted stock units were converted from restricted stock units in IHS Markit Ltd. ("IHS Markit") in connection with the IHS Markit merger, and have the same terms and conditions as those that applied immediately prior to the consummation of the merger, except that the performance-vesting conditions with respect to the restricted stock units that were converted from IHS Markit performance-based restricted stock units lapsed.

4. As previously reported, the reporting person acquired 11,124 restricted stock units on 03/04/2025 upon satisfaction of the performance criteria for a performance-based restricted stock unit award issued on 05/03/2022. The time-based restricted stock units in respect of the award vested 33% on 12/31/2024 and will vest 33% on 12/31/2025 and 34% on 12/31/2026. Vested shares for outstanding award tranches will be delivered to the reporting person no later than January 31 following the respective service-based vesting date.

5. As previously reported, the reporting person was granted 444 restricted stock units on 03/01/2023, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2023 and 33% on 12/31/20243 and the remaining 34% will vest on 12/31/2025. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

6. As previously reported, the reporting person was granted 349 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and will vest 33% on 12/31/2025 and 34% on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

7. As previously reported, the reporting person was granted 392 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units will vest 33% on 12/31/2025, 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/ Tasha Matharu, Attorney-in-Fact	08/19/2025
	** 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 transactions did William W. Eager report on Form 4 for SPGI?

The filing reports a disposition of 6,201.589 shares and multiple restricted stock unit activities, including a 3,569 RSU grant dated 08/15/2025.

When do the newly granted 3,569 RSUs vest?

The 3,569 RSUs granted on 08/15/2025 are subject to a three-year cliff and vest 100% on 08/15/2028.

Were any RSUs converted from IHS Markit awards?

Yes. The reporting person had 3,569 RSUs converted from IHS Markit awards; the filing states the performance-vesting conditions lapsed for those converted units.

Did the filing disclose proceeds or price for the share disposition?

No. The Form 4 shows a disposition of 6,201.589 shares but does not disclose the sale price or proceeds in the provided content.

What other RSU balances or vesting schedules are noted?

The filing references acquisition of 11,124 RSUs on 03/04/2025 upon satisfaction of performance criteria and additional tranches of 444, 349, and 392 RSUs with 33/33/34 time-based vesting through 12/31/2027.

Who signed the Form 4 and when?

The Form 4 was signed by Tasha Matharu, Attorney-in-Fact on 08/19/2025.