Form 4: Coronado Global Resources Inc.: Executive Emma Pollard Reports Acquisition of Performance Stock Units
SEC Form 4
Chief P&S Officer Emma Pollard reports acquisition of Performance Stock Units (PSUs) in Coronado Global Resources Inc. through dividend equivalent reinvestments.
Summary
- Emma Pollard, Chief P&S Officer of Coronado Global Resources Inc., filed a Form 4 reporting changes in beneficial ownership.
- The report details the acquisition of 751 Performance Stock Units (PSUs) on September 17, 2024, due to dividend equivalent reinvestments related to PSUs granted on February 14, 2024.
- These PSUs are scheduled to vest on February 14, 2025, contingent upon continued service.
- Each PSU represents the right to receive one CHESS Depositary Interest (CDI), cash, or shares of 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.
- The report also reflects 129,394 shares of common stock underlying the PSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. The acquisition of PSUs through dividend reinvestment is a standard practice.
Positives
- The acquisition of PSUs through dividend reinvestment indicates a potential increase in the executive's stake in the company.
- The vesting of PSUs on February 14, 2025, incentivizes continued service and alignment with company goals.
Future Outlook
The vesting of the PSUs is contingent upon the Reporting Person's continued service through February 14, 2025.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| February 14, 2024 | Date the Performance Stock Units (PSUs) were granted. |
| September 17, 2024 | Date of the reported transaction (acquisition of PSUs through dividend equivalent reinvestments). |
| February 14, 2025 | Scheduled vesting date of the Performance Stock Units (PSUs), subject to continued service. |
Keywords
Performance Stock Units, PSU, Coronado Global Resources, Emma Pollard, Beneficial Ownership, CHESS Depositary Interest, CDI, ASX, Form 4, Dividend Reinvestment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.