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Spire Executive Compensation (FY25)

SR · Executive and director compensation, fiscal 2025 only

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Data as of September 7, 2026Latest filing (8-K): January 30, 2026
9 filings cited on this page
A report that fails to generate is refunded in full
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Spire brief$1,500Get the executive brief
221 figures on this page: 213 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Scott Doyle
Median of the other named officers
$1,022,998
6 officers, excluding the chief executive
Latest say-on-pay support
=
January 29, 2026
Chief executive pay ratio
◇
To the median employee

More on Spire

Five data products on this company. Each one is requested through the developer setup page.

Frequently asked questions

Answers drawn from the data on this page.
Who is Spire's chief executive and what were they paid?
Total compensation for Scott Doyle, President and Chief Executive Officer, came to $3,328,340 in fiscal 2025.
What was Spire's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.4% of votes cast including abstentions in favor at the meeting held January 29, 2026 for fiscal 2025.
Which companies are in Spire's peer group?
The disclosed peer group names ALLETE, Inc., Alliant Energy Corp., Ameren Corp., American and Atmos Energy Corp., among others.
What is Spire's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 32:1, against median employee compensation of $107,562.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Lindsey
Former President and Chief Executive Officer
Departed during or after this year
◇—◇——◇◇◇
Scott Doyle
President and Chief Executive Officer
◇—◇—◇◇◇◇
Steven Rasche
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Adam Woodard
Executive Vice President, Chief Financial Officer
◇—◇—◇◇◇◇
Matthew Aplington
Senior Vice President, Chief Legal Officer
◇—◇—◇◇◇◇
Ryan Hyman
Senior Vice President, Chief Customer and Information Officer
◇—◇—◇◇◇◇
Stephen Mills
Senior Vice President, President, Spire Missouri Inc.
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Adam WoodardRSU◇——◇——◇
Matthew AplingtonRSU◇——◇——◇
Ryan HymanRSU◇—————◇
Scott DoyleRSU——————◇
Stephen MillsRSU◇—————◇
Steven LindseyRSU◇—————◇
Steven RascheRSU◇—————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ryan HymanRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Steven LindseyRSU◇◇——
PSU◇◇——
RSU◇◇——
Stephen MillsRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Scott DoylePSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Matthew AplingtonRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU————
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Adam WoodardRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Steven RascheRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Total DoyleRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rob L. Jones
Board chair
◇◇————◇
Mark A. Borer
◇◇———◇◇
Maria V. Fogarty
◇◇———◇◇
Brenda D. Newberry
◇◇———◇◇
Carrie J. Hightman
◇◇————◇
Paul D. Koonce
◇◇————◇
Sheri S. Cook
◇◇————◇
John P. Stupp Jr
◇◇————◇
Vinny J. Ferrari
◇◇————◇
Scott E. Doyle served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ALLETE, Inc. ALE
  • Alliant Energy Corp. LNT
  • Ameren Corp. AEE
  • American AMT
  • Atmos Energy Corp. ATO
  • Avista Corp. AVA
  • Black Hills Corp. BKH
  • CenterPoint Energy, Inc. CNP
  • Essential Utilities, Inc. WTRG
  • Evergy, Inc. EVRG
  • General Electric Company GE
  • Hawaiian Electric Industries, Inc. HE
  • IDACORP, Inc. IDA
  • MDU Resources Group, Inc. MDU
  • MGE Energy, Inc. MGEE
  • National Fuel Gas Company NFG
  • New Jersey Resources Corp. NJR
  • NiSource Inc. NI
  • NorthWestern Corp. NWE
  • OGE Energy Corp. OGE
  • ONE Gas, Inc. OGS
  • Pinnacle West Capital Corp. PNW
  • PNM Resources, Inc. TXNM
  • Portland POR
  • South Jersey Industries, Inc. SJI
  • Southwest Gas Holdings, Inc. SWX
  • UGI Corporation UGI
  • Water Works Company, Inc. AWK

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025January 29, 2026=◇◇◇
2024January 30, 2025=◇◇◇
2023January 25, 2024=◇◇◇
2020January 28, 2021=◇◇◇
2019January 30, 2020=◇◇◇
2018January 31, 2019=◇◇◇
2017January 25, 2018=◇◇◇
2016January 26, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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What this page does not include

Everything above is a fact Spire disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Spire sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
221 figures on this page: 213 cited to the filing that reported them, 8 calculated from figures it prints.
213 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-26-031837
    Item 5.07 Submission of matters to a vote of security holders
  2. 0001308179-25-000657
    CEO Pay Ratio · Directors’ compensation · Executive compensation tables · Grants of Plan-Based Awards · and 2 more sections
  3. 0000950170-25-011755
    Item 5.07 Submission of matters to a vote of security holders
  4. 0001437749-24-002694
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001564590-21-003535
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001564590-20-002933
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001564590-19-001935
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001126956-18-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001126956-17-000003
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Spire executive compensation, FY2025.” https://intel.velarion.ai/comp/SR (accessed 2026).
Short form: data: Velarion

The paid brief for Spire

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
9 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Spire discloses

The companies named in SR's own disclosed peer group.

ALLETE, Inc.Alliant Energy Corp.Ameren Corp.AmericanAtmos Energy Corp.Avista Corp.Black Hills Corp.CenterPoint Energy, Inc.Essential Utilities, Inc.Evergy, Inc.General Electric CompanyHawaiian Electric Industries, Inc.IDACORP, Inc.MDU Resources Group, Inc.MGE Energy, Inc.National Fuel Gas CompanyNew Jersey Resources Corp.NiSource Inc.NorthWestern Corp.OGE Energy Corp.ONE Gas, Inc.Pinnacle West Capital Corp.PNM Resources, Inc.Portland

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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