Form 4: Coronado Global Resources Inc.: Officer Emma Pollard Reports Acquisition of Performance Stock Units
SEC Form 4 Filing
Emma Pollard, Chief P&S Officer of Coronado Global Resources Inc., reports the acquisition of Performance Stock Units (PSUs) through dividend equivalent reinvestments.
Summary
- On April 3, 2024, Emma Pollard, Chief P&S Officer of Coronado Global Resources Inc., reported the acquisition of 756 Performance Stock Units (PSUs).
- These PSUs were acquired 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 common stock, at the discretion of the Compensation and Nominating Committee.
- The PSUs are scheduled to vest on February 14, 2025, contingent upon continued service.
- The reporting person directly owns 128,643 shares of common stock underlying the PSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation practices and continued investment in the company by an officer.
Positives
- The acquisition of PSUs through dividend reinvestments indicates a continued investment in the company's future by the officer.
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 by an officer may signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of original PSU grant. |
| 04/03/2024 | Date of transaction (acquisition of PSUs through dividend reinvestment). |
| 04/05/2024 | Date of signature on the Form 4 filing. |
| 02/14/2025 | Scheduled vesting date of the PSUs, subject to continued service. |
Keywords
Performance Stock Units, PSU, CHESS Depositary Interest, CDI, Dividend Reinvestment, Coronado Global Resources, Emma Pollard, Form 4, Beneficial Ownership, ASX:CRN
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