Spire (SR) Proxy Filing summary

Executive summary

• Achieved adjusted earnings of $4.45 per share and increased annual dividend for the 23rd consecutive year to $3.30 per share, reflecting strong financial performance and shareholder value focus.

• Completed a seamless CEO transition to Scott E. Doyle in April 2025 and appointed a new COO, Steven C. Greenley, effective October 2025.

• Announced a strategic acquisition of Piedmont Natural Gas Tennessee business from Duke Energy, expected to close in early 2026, expanding utility footprint and diversifying the portfolio.

• Missouri regulatory environment modernized with new legislation and a positive rate case resolution, supporting future growth.

Voting matters and shareholder proposals

• Shareholders will vote to elect three directors, approve executive compensation on an advisory basis, and ratify Deloitte & Touche LLP as independent auditor for fiscal 2026.

• Board recommends a vote FOR all proposals.

• Shareholders of record as of December 4, 2025, are eligible to vote at the virtual meeting on January 29, 2026.

Board of directors and corporate governance

• Board consists of 10 directors, 9 of whom are independent; 40% female, 20% ethnically diverse, and average tenure of 7.8 years.

• Board committees (audit, compensation and human resources, corporate governance, strategy) are chaired by independent directors and regularly rotate membership.

• Board succession planning, director evaluations, and ongoing education are emphasized.

• Directors must retire at age 75 and meet stock ownership requirements of six times the annual cash retainer.