S&P Global Index Business CEO Makes Bold $1.5 Million Stock Purchase

Catherine R. Clay, CEO of the S&P Dow Jones Indices division at S&P Global Inc. (SPGI), purchased 2,500 shares of the company’s common stock on the open market on May 1 at an average price of approximately $431.39 per share, totaling about $1.08 million (roughly ₩1.5 billion).

Earlier, S&P Global filed Form 10 with the U.S. Securities and Exchange Commission to register Mobility Global for a spin-off of its mobility segment. On June 15, the board approved a structure under which shareholders of S&P Global will receive one share of Mobility Global common stock for each share of S&P Global common stock they hold, at no additional cost.

Mobility Global is slated to begin trading on the New York Stock Exchange on July 1. From June 26 through 30, its shares will trade in “MBGL WI” (when-issued), while S&P Global shares will trade concurrently as “SPGI” (with dividend rights) and “SPGI WI” (without dividend rights).

In preparation for the spin-off, S&P Global recently announced the board of directors for Mobility Global and plans to issue approximately $2 billion of privately placed corporate notes (about ₩2.8 trillion), establishing an independent capital structure for the mobility business.

Moreover, in first-quarter 2026 results, S&P Global reported earnings per share of $4.97, beating market expectations and demonstrating robust profitability in its core operations even as it advances the spin-off.

Headquartered in New York, S&P Global is a leading provider of financial information, indices, and credit ratings, serving as a critical infrastructure provider to global capital markets through products such as the S&P 500 index, credit ratings, and market intelligence data.

The newly separated Mobility Global will be a standalone, publicly traded company combining automotive data and software assets—including CARFAX, Polk, and automotiveMastermind—to deliver mobility intelligence across the entire vehicle lifecycle.