Mark Spurbeck - Feb 21, 2024 Form 4 Insider Report for PEABODY ENERGY CORP (BTU)

Role
EVP and CFO
Signature
/s/ Caitlin Reardon-Ashley, Attorney-in-fact
Stock symbol
BTU
Transactions as of
Feb 21, 2024
Transactions value $
-$435,932
Form type
4
Date filed
2/23/2024, 05:48 PM
Previous filing
Jan 11, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTU Common Stock Award $0 +24.5K +35.71% $0.00 93.1K Feb 21, 2024 Direct F1
transaction BTU Common Stock Tax liability -$268K -10.9K -11.66% $24.70 82.3K Feb 22, 2024 Direct F2
transaction BTU Common Stock Sale -$168K -6.83K -8.3% $24.57 75.5K Feb 23, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares earned from a restricted stock unit grant awarded on January 3, 2022 with a two-year performance period. The Compensation Committee certified the achievement of the performance goals on February 21, 2024.
F2 The shares of Common Stock were withheld to satisfy the tax withholding obligation applicable to the vesting of 24,511 restricted stock units on February 21, 2024.
F3 The shares of Common Stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 2, 2022, and amended March 9, 2023. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.43 to $24.75 per share. The filers undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within this range.