Form 4: Peabody Energy CEO James C. Grech Acquires Additional Shares Through Dividend Equivalents
SEC Form 4
Peabody Energy CEO James C. Grech acquired 236 shares of common stock on June 5, 2024, representing exempt dividend equivalents on prior restricted stock unit awards.
Summary
- On June 5, 2024, James C. Grech, the President and CEO of Peabody Energy Corporation, acquired 236 shares of common stock.
- The acquisition was due to exempt dividend equivalents on prior restricted stock unit awards.
- Following the transaction, Grech directly owns 279,721 shares of Peabody Energy Corporation.
- The price of the acquired shares was $23.6.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. There is no indication of significant positive or negative implications.
Positives
- The CEO's increased stake in the company could be seen as a positive signal.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to receive stock as part of their compensation and to periodically adjust their holdings.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: James C. Grech acquired 236 shares of common stock. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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