leadership
confidence high
sentiment neutral
materiality 0.55
Spire details CEO transition pay: Doyle $850K salary, Lindsey $1.8M severance
SPIRE INC
- New CEO Scott Doyle receives $850K base salary, 100% target bonus, and $1.05M equity grant on May 2, 2025.
- Doyle's equity split: 25% time-based restricted shares vesting Nov 22, 2027; 75% performance-contingent stock units.
- Former CEO Steve Lindsey gets $1.8M lump sum (2x salary), $525K prorated FY2025 bonus, and retiree medical until 65.
- Lindsey subject to 6-month non-compete, non-solicit; enters 3-month consulting at base salary.
- All outstanding equity awards forfeited except retained prorated performance stock units for Lindsey.