Form 4: Coronado Global Resources Executive Chair Garold Spindler Reports Acquisition of Performance Stock Units

Executive Chair Garold Spindler reports acquisition of performance stock units (PSUs) in Coronado Global Resources Inc. through dividend equivalent reinvestments.

Summary

• Garold Spindler, Executive Chair of Coronado Global Resources Inc., filed a Form 4 on September 18, 2024, reporting a transaction on September 17, 2024.
• The transaction involves the acquisition of 5,519 Performance Stock Units (PSUs) due to dividend equivalent reinvestments related to PSUs granted on February 14, 2024.
• Each PSU represents the right to receive one CHESS Depositary Interest (CDI) or an equivalent value of cash or shares of common stock.
• The PSUs are scheduled to vest on February 14, 2025, contingent upon Spindler's continued service.
• Spindler directly owns 951,446 shares of common stock underlying the PSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of PSUs through dividend reinvestment is a routine event and reflects continued alignment of the executive's interests with the company's performance.

Positives

• The acquisition of PSUs through dividend reinvestment indicates confidence in the company's future performance.
• The vesting of PSUs is tied to continued service, aligning executive interests with long-term company success.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the PSUs.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, Coronado Global Resources, Garold Spindler, Performance Stock Units, PSUs, CHESS Depositary Interest, CDI, Dividend Reinvestment, Executive Chair, Beneficial Ownership