Form 4: Coronado Global Resources Inc. Executive Sandeep Deoji Reports Changes in Beneficial Ownership

Sandeep Deoji, Interim PFO & PAO of Coronado Global Resources Inc., reports acquisition and vesting of Performance Stock Units (PSUs) and subsequent conversion into common stock.

Summary

• On February 13, 2025, Sandeep Deoji, Interim PFO & PAO of Coronado Global Resources Inc., reported changes in beneficial ownership.
• Deoji acquired 6,384.4 shares of common stock through the vesting of Performance Stock Units (PSUs) at a price of $0.00.
• These PSUs were initially acquired on February 14, 2024, or through subsequent dividend equivalent investments and vested on February 13, 2025.
• Each PSU represents the right to receive one CHESS Depositary Interest (CDI) or an equivalent value of cash or shares of common stock, at the discretion of the Compensation Committee.
• Additionally, Deoji acquired 50,373 PSUs on February 12, 2025, which are scheduled to vest on February 11, 2026, contingent upon continued service.
• These PSUs also represent the right to receive one CDI or an equivalent value of cash or shares of common stock, at the discretion of the Compensation Committee.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and compliance with SEC regulations. The vesting of PSUs suggests the achievement of performance goals, which is generally positive. However, it's a routine filing, so the sentiment is moderately positive.

Positives

• The vesting of PSUs into common stock indicates that performance goals were met, as certified by the Compensation Committee.
• The acquisition of additional PSUs demonstrates continued alignment of executive compensation with company performance.

Future Outlook

The 50,373 PSUs acquired on February 12, 2025, are scheduled to vest on February 11, 2026, subject to the Reporting Person's continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the company's compensation practices and alignment of executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages including performance-based stock units are common practice among publicly listed companies, such as BHP, Rio Tinto, and Glencore, to incentivize performance and align management interests with shareholder value.
• The vesting schedules and terms of these PSUs are likely benchmarked against industry standards to attract and retain key personnel.
• The use of CHESS Depositary Interests (CDIs) reflects Coronado Global Resources' listing on the Australian Securities Exchange (ASX), similar to other companies with dual listings or significant operations in Australia.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that performance goals are being met.
• Employees may see this as a reflection of the company's commitment to rewarding performance.
• The disclosure provides transparency regarding executive compensation and ownership.

Key Dates