Form 4: Peabody Energy EVP and CFO Mark Spurbeck Reports Changes in Beneficial Ownership

Mark Spurbeck, EVP and CFO of Peabody Energy, reports transactions involving common stock, including the withholding of shares for tax obligations and the acquisition of restricted stock units.

Summary

• On January 2, 2025, Mark Spurbeck, EVP and CFO of Peabody Energy, had 2,276 shares of common stock withheld to cover tax obligations at a price of $20.86.
• Also on January 2, 2025, Spurbeck acquired 20,373 restricted stock units (RSUs) at a price of $0.
• These RSUs will vest in three equal annual installments starting January 2, 2025, contingent upon continued employment.
• On January 3, 2025, an additional 2,546 shares were withheld for tax obligations at a price of $20.23.
• Following these transactions, Spurbeck beneficially owns 81,345 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider transactions, which are neither overwhelmingly positive nor negative. The acquisition of RSUs is a positive sign of alignment with company performance.

Positives

• The acquisition of 20,373 restricted stock units indicates a long-term incentive for the executive officer.

Future Outlook

The restricted stock units will vest in three equal annual installments from January 2, 2025, contingent on continued employment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Peabody Energy.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are standard practice among publicly listed companies, such as BHP, Rio Tinto, and Glencore, to align management interests with shareholder value.
• The vesting schedules and terms are generally comparable to those offered by peer companies to retain key executives.

Stakeholder Impact

• The vesting of restricted stock units incentivizes the executive to focus on long-term value creation, potentially benefiting shareholders.

Key Dates