Form 4: Coronado Global Resources Inc. Executive Acquires Performance Stock Units
SEC Form 4
Jeffrey D. Bitzer, Group Chief Operating Officer of Coronado Global Resources Inc., reports acquisition of Performance Stock Units (PSUs) due to dividend equivalent reinvestments.
Summary
- Jeffrey D. Bitzer, Group Chief Operating Officer of Coronado Global Resources Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 545 Performance Stock Units (PSUs) on April 3, 2024, 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 in cash or shares of common stock.
- The PSUs are scheduled to vest on February 14, 2025, contingent upon continued service.
- The report also reflects 92,702 shares of common stock underlying the PSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and continued alignment of management's interests with shareholders through equity ownership.
Positives
- The acquisition of PSUs through dividend reinvestment indicates confidence in the company's future performance.
Future Outlook
The PSUs are scheduled to vest on February 14, 2025, 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 aligns management's interests with those of shareholders, potentially incentivizing value creation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of original PSU grant. |
| 04/03/2024 | Date of transaction (acquisition of PSUs due to dividend reinvestment). |
| 04/05/2024 | Date of Form 4 filing. |
| 02/14/2025 | Scheduled vesting date of the PSUs, subject to continued service. |
Keywords
Performance Stock Units, PSUs, CHESS Depositary Interest, CDI, Beneficial Ownership, Form 4, Coronado Global Resources, Jeffrey D. Bitzer, Dividend Reinvestment
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