Form 4: Peabody Energy CFO Acquires Shares

Peabody Energy's EVP and CFO, Mark Spurbeck, acquired 92 shares of common stock through dividend equivalents on December 3, 2025.

Summary

• Mark Spurbeck, Executive Vice President and Chief Financial Officer of Peabody Energy Corp (BTU), acquired 92 shares of the company's common stock.
• The transaction took place on December 3, 2025, at a price of $29.43 per share.
• These shares represent exempt dividend equivalents on prior restricted stock unit awards.
• Following this acquisition, Spurbeck directly beneficially owns a total of 81,992 shares of Peabody Energy common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive, even if through dividend equivalents, increases their direct stake and aligns their interests with shareholders. The amount is small, hence only slightly positive.

Positives

• Increased alignment of management and shareholder interests through additional share ownership by a key executive.
• The acquisition, even if non-discretionary, demonstrates continued insider stake in the company's equity.

Future Outlook

This filing is an insider transaction report and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction for Peabody Energy, a major global coal company. Such transactions are common and primarily reflect individual executive compensation structures rather than broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a minor positive, indicating management's continued vested interest in the company's performance.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary acquisition of a small number of shares by an executive through dividend equivalents. It does not provide new material information that would warrant a change in an investor's existing position or outlook on Peabody Energy.

Keywords

Peabody Energy, BTU, Insider Transaction, Form 4, Executive Stock Acquisition, Dividend Equivalents, Common Stock