Form 4: Peabody Energy EVP & COO Darren Yeates Reports Stock Transactions
SEC Form 4 Filing
Darren Yeates, EVP & COO of Peabody Energy, reports the acquisition and disposal of common stock related to restricted stock units vesting.
Summary
- Darren Ronald Yeates, EVP & COO of Peabody Energy Corporation, filed a Form 4 on January 6, 2025, reporting changes in beneficial ownership of the company's stock.
- On January 2, 2025, Yeates disposed of 393 shares of common stock at $20.86 to cover tax obligations related to vesting restricted stock units (RSUs).
- On the same day, he acquired 27,684 shares of common stock through vesting RSUs.
- On January 3, 2025, Yeates disposed of 333 shares of common stock at $20.23 to cover tax obligations related to vesting restricted stock units (RSUs).
- Following these transactions, Yeates directly owns 107,726 shares of Peabody Energy common stock.
- The reported RSUs will vest in three equal annual installments starting January 2, 2025, contingent upon continued employment, and will fully vest upon death or disability.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine stock transactions related to executive compensation.
Positives
- The vesting of RSUs indicates a continued investment in the company by a key executive.
Future Outlook
The remaining RSUs will vest in three equal annual installments on the anniversary of the grant date, contingent upon continued employment.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be indicative of their confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include RSUs as a way to align management's interests with those of shareholders.
- The vesting schedule of three years is a common practice to incentivize long-term commitment.
Stakeholder Impact
- Shareholders can monitor insider transactions to gain insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Disposal of 393 shares for tax obligations and acquisition of 27,684 shares through vesting RSUs |
| 01/03/2025 | Disposal of 333 shares for tax obligations |
| 01/06/2025 | Date of Form 4 filing |
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