Term sheet, dated June 25, 2024, between the Registrant and Martina Cheung

Martina Cheung (“you”).

Chief Executive Officer and President, reporting to the Board of Directors (the “Board”) of S&P Global Inc. (“S&P Global” or the “Company”), effective as of November 1, 2024, and member of the Board, effective as of July 1, 2024.

New York City, Headquarter Office.

$1,000,000, effective as of November 1, 2024.

You will be eligible to participate in the S&P Global Key Executive Short-Term Incentive Compensation Plan (“STIC”), with an initial target incentive opportunity of $2,250,000, effective as of November 1, 2024. Actual payment under the STIC will be based on the degree of achievement of established S&P Global objectives and your individual performance and contribution, subject to the standard STIC plan terms and conditions.

Your current STIC bonus opportunity for the 2024 year prior to November 1, 2024 shall be prorated, and remain subject to the standard STIC plan terms and conditions.

You will be eligible to participate in the S&P Global Inc. Stock Incentive Plan (the “Long-Term Incentive Program”) with an initial target long-term incentive award opportunity of $9,000,000, effective as of January 1, 2025 for the 2025 annual award grant cycle, which shall be granted on the Company’s 2025 annual award grant date (March 1, 2025).

Long-Term Incentive Program awards will be subject to the standard S&P Global Stock Award terms and conditions.

 Executive Severance Plan

You will continue to participate in the Company’s Senior Executive Severance Plan, as may be amended or any successor plan (“Severance Plan”), and your designation for purposes of participation in the Severance Plan will be Chief Executive Officer.

In addition to the standard benefits, you will be entitled to all perquisites made available to S&P Global’s Chief Executive Officer, which currently include: First Class air travel for Company business, a car and driver, financial counseling, tax counseling and return preparation, estate planning, participation in the Company’s executive health initiative, supplemental death and disability benefits, and charitable contribution (up to $25K per year) matching.

You shall also be eligible to use the Company’s private jet in accordance with the Company’s Use of Corporate Aircraft Policy, as may be amended from time to time.

You acknowledge and agree that terms and conditions set forth in Appendix 1 to this term sheet (the ‘Agreement for the Protection of Company Interests’) are incorporated into, and are part of, the terms and conditions of this term sheet. You acknowledge that you have reviewed and understand the terms of the Agreement for the Protection of Company Interests, and that by signing this term sheet you are accepting its terms, including the non-compete, non-solicitation of employees, confidentiality and ownership of information provisions.

You acknowledge and agree that you will be subject to the Company’s Stock Ownership Guidelines, as they may be amended from time to time, as applicable to the role of Chief Executive Officer. A copy of the policy is included for your reference as Appendix 2 to this term sheet.

You will also continue to be subject to the SEC Section 16 Group requirements, described in the Securities Trading Policy (Windows Group).

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