Form 4: Peabody Energy CEO James C. Grech Reports Stock Transaction
SEC Form 4 Filing
James C. Grech, President and CEO of Peabody Energy, reported the withholding of 28,611 common stock shares to cover tax obligations related to vesting restricted stock units on June 1, 2024.
Summary
- On June 1, 2024, James C. Grech, the President and CEO of Peabody Energy Corporation, had 28,611 shares of common stock withheld to cover tax obligations.
- This transaction was related to the vesting of 68,405 restricted stock units.
- The price per share for the transaction was $24.78.
- Following the transaction, Grech directly owns 279,485 shares of Peabody Energy common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to have shares withheld to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of stock transaction and vesting of restricted stock units. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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