Form 4: Coronado Global Resources Executive Acquires Performance Stock Units
SEC Form 4 Filing
Jeffrey D. Bitzer, Chief Development Officer of Coronado Global Resources, reports acquisition of performance stock units (PSUs) through dividend equivalent reinvestments.
Summary
- On April 4, 2025, Jeffrey D. Bitzer, Chief Development Officer of Coronado Global Resources Inc., filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of 5,648 Performance Stock Units (PSUs) due to dividend equivalent reinvestments.
- These PSUs were initially granted on February 12, 2025, and are scheduled to vest on February 11, 2026, contingent upon continued service.
- Each PSU represents the right to receive one CHESS Depositary Interest (CDI) or its equivalent in cash or common stock, at the discretion of the Compensation and Nominating Committee.
- CDIs are units of beneficial ownership in shares of common stock traded on the Australian Securities Exchange (ASX) and are convertible into shares of common stock on a 10-for-1 basis.
- Following the reported transaction, Bitzer beneficially owns 371,508 shares of common stock underlying the PSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and reinvestment in the company, indicating confidence.
Positives
- The acquisition of PSUs through dividend reinvestments indicates confidence in the company's future performance.
Future Outlook
The PSUs will vest on February 11, 2026, contingent upon the Reporting Person's continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.
Stakeholder Impact
- The acquisition of PSUs by a key executive could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| February 12, 2025 | Initial grant date of the Performance Stock Units (PSUs) |
| April 4, 2025 | Date of transaction (acquisition of PSUs through dividend equivalent reinvestments) |
| April 8, 2025 | Date of Form 4 filing |
| February 11, 2026 | Scheduled vesting date of the PSUs, subject to continued service |
Keywords
Performance Stock Units, PSUs, Coronado Global Resources, Beneficial Ownership, Form 4, Jeffrey D. Bitzer, CHESS Depositary Interest, CDI, ASX, Dividend Reinvestment
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