S&P Global Inc. reported an insider ownership change for William W. Eager tied to the company’s separation-related equity award adjustments involving Mobility Global Inc. The Form 4, signed July 6, 2026 by attorney-in-fact Judah Bareli, reports transactions occurring on July 1, 2026. The filing describes a non-open-market equity award conversion under the Employee Matters Agreement dated June 30, 2026, between S&P Global and Mobility Global. Effective immediately before the “Distribution” contemplated by the related Separation Agreement, Eager’s S&P Global equity awards were adjusted into restricted stock units of Mobility Global. The reported action therefore reflects an administrative conversion connected to the corporate separation, not a discretionary insider purchase or sale of S&P Global common stock. The affected securities were restricted stock units and performance share units. The filing notes that each S&P Global RSU or PSU represented a contingent right to receive one share of S&P Global common stock. On July 1, 2026, each PSU was converted into a Mobility Global restricted stock unit based on the “Concentration Ratio” set out in the Employee Matters Agreement. Some PSUs were measured at actual performance, while another PSU tranche was measured at target performance. Separately, each S&P Global RSU was also converted into a Mobility Global RSU using the same concentration-ratio framework. The document references derivative-security amounts including 2,107 shares and 3,784 shares, with a reported “119 per share” figure in the provided table text. The explanatory notes indicate that these amounts relate to RSU/PSU conversion mechanics rather than a cash market transaction. No conventional sale price, purchase price, or open-market trading activity is described in the excerpt. The practical significance is that Eager’s equity-linked compensation was shifted from S&P Global awards into Mobility Global awards as part of the separation. Such Form 4 filings are common around spin-offs or distributions because insiders’ restricted stock, performance units, and other incentive awards must be adjusted to preserve economic treatment after the corporate restructuring.