[Form 4] Peabody Energy Corporation Insider Trading Activity

Rhea-AI Filing Summary

Peabody Energy Corp (BTU) Form 4 shows Mark Spurbeck, EVP and CFO, acquired 159 shares of Peabody common stock on 09/03/2025 at a price of $17.09 per share. The filing states these shares represent exempt dividend equivalents stemming from prior restricted stock unit awards. After the transaction, Spurbeck beneficially owns 81,900 shares directly. The Form 4 was signed by an attorney-in-fact on 09/05/2025. The report is a routine insider disclosure of a small issuance tied to prior equity awards and does not provide additional commentary or other transactions.

Positive

• Insider received shares as exempt dividend equivalents, increasing direct ownership to 81,900 shares
• Disclosure complies with Section 16 reporting requirements and includes signature and transaction details

Negative

• No material negative developments are disclosed in this Form 4

Insights

Securities Analyst

TL;DR Insider received 159 shares as dividend equivalents from prior RSUs, increasing direct holdings to 81,900 shares.

This Form 4 documents a non-market purchase event: exempt dividend equivalents paid on restricted stock units converted into 159 shares at $17.09 on 09/03/2025. The disclosure is routine for equity-compensated executives and shows no cash-market purchase or sale. Given the transaction type and modest share count relative to total holdings, the filing is informational and does not indicate a change in insider stance.

Corporate Governance Expert

TL;DR Transaction is administrative compensation settlement, not an open-market trade, and is standard reporting under Section 16.

The filing clarifies the nature of the shares as exempt dividend equivalents tied to prior RSUs, consistent with typical executive compensation administration. Signature by an attorney-in-fact is included. The document contains no indications of policy changes, new grants beyond the described settlement, nor any derivative activity. Impact on shareholder governance or control is negligible based solely on this disclosure.

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

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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^*

Spurbeck Mark

(Last) (First) (Middle)

C/O CORPORATE SECRETARY, PEABODY ENERGY

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)

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

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		159(1)	A	$17.09	81,900	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 restricted 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.

FAQ

What transaction did Mark Spurbeck report in the Form 4 for BTU?

He reported the acquisition of 159 shares on 09/03/2025 at $17.09 per share, representing exempt dividend equivalents on prior RSUs.

How many Peabody (BTU) shares does the reporting person own after the transaction?

The Form 4 states the reporting person beneficially owns 81,900 shares following the transaction.

Was this an open-market purchase or a settlement from awards?

This was a settlement from prior restricted stock units as exempt dividend equivalents, not an open-market trade.

When was the Form 4 signed and by whom?

The filing was signed by an attorney-in-fact, Caitlin Reardon-Ashley, on 09/05/2025.