BTU Form 4: Director Received 52,213 Shares from Deferred Units

Rhea-AI Filing Summary

Stephen E. Gorman, a director of Peabody Energy Corporation (BTU), received 52,213 shares of Common Stock on 09/03/2025 at an indicated price of $17.09 per share. The Form 4 reports these shares as exempt dividend equivalents issued under prior deferred stock unit awards, and the shares were beneficially owned following the transaction in the amount of 52,213 shares. The filing was executed by an attorney-in-fact and submitted as a single reporting person filing.

Positive

• Director increased direct ownership by 52,213 shares, aligning management incentives with shareholders
• Transaction arose from compensation plan (exempt dividend equivalents on deferred stock unit awards), not a market sale

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A director received stock as dividend equivalents on deferred units, increasing direct beneficial ownership by 52,213 shares.

The Form 4 documents a routine compensation-related equity issuance to a board member rather than an open-market purchase or sale. The underlying mechanism is described as exempt dividend equivalents tied to prior deferred stock unit awards, indicating these shares are part of the director compensation framework. For governance review, this is notable as an in-kind compensation event that increases insider ownership without an open-market transaction; it may align director incentives with shareholders but does not, by itself, convey changes to control or operational direction.

Securities Analyst

TL;DR: The filing shows a single, non-market acquisition of 52,213 shares via compensation plan, reported under Form 4.

From a market-impact perspective, the transaction is an administrative conversion of deferred units into common stock (described as exempt dividend equivalents) at a reported price of $17.09. The report lists the resulting beneficial ownership as 52,213 shares and provides no information on prior holdings or broader trading. This type of disclosure is standard for compliance with Section 16 reporting and typically has limited immediate valuation implications absent additional context on total insider holdings or subsequent trades.

Insider Trade Summary

Net Buyer: 84 shares

Net Buy 1 txn

Insider GORMAN STEPHEN E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	84	$17.09	$1K

Holdings After Transaction: Common Stock — 52,213 shares (Direct)

Footnotes (1)

1. F1. The shares of Common Stock represent exempt dividend equivalents on prior deferred stock unit awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/05/2025 - 04:24 PM Learn about SEC filing dates

FAQ

What transaction did Stephen E. Gorman report on Form 4 for BTU?

He reported acquiring 52,213 shares of Peabody Energy common stock on 09/03/2025, recorded at $17.09 per share.

Why were the 52,213 shares issued to the reporting person?

The shares represent exempt dividend equivalents on prior deferred stock unit awards, as stated in the filing.

How much beneficial ownership did the reporting person have after the transaction?

The Form 4 lists 52,213 shares as the amount beneficially owned following the reported transaction.

Was this Form 4 filed by multiple reporting persons or a single filer?

The filing indicates it was a Form filed by One Reporting Person.

Who signed the Form 4 and when was it signed?

The signature block shows /s/ Caitlin Reardon-Ashley, Attorney-in-fact with the date 09/05/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

GORMAN STEPHEN E

(Last) (First) (Middle)

C/O PEABODY ENERGY CORPORATION

701 MARKET STREET

(Street)

ST. LOUIS MO 63101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEABODY ENERGY CORP [ BTU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/03/2025		A		84(1)	A	$17.09	52,213	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of Common Stock represent exempt dividend equivalents on prior deferred stock unit awards.

Remarks:

	/s/ Caitlin Reardon-Ashley, Attorney-in-fact	09/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.