BTU Form 4: Director Receives 200 Shares as Dividend Equivalents; Stake 45,974

Rhea-AI Filing Summary

Peabody Energy director Andrea E. Bertone reported acquiring 200 shares of Peabody Energy common stock at a price of $17.09 per share, increasing her beneficial ownership to 45,974 shares. The filing identifies the 200 shares as exempt dividend equivalents issued under prior deferred stock unit awards rather than a market purchase. Ownership is reported as direct. The transaction size is small relative to the total holdings disclosed and does not disclose exercise of options or other derivative activity.

Positive

• Director acquired 200 shares, reinforcing alignment with shareholders through compensation settlement
• Beneficial ownership increased to 45,974 shares, showing continued direct stake in the company
• Transaction is identified as exempt dividend equivalents from prior deferred stock unit awards, indicating compensation-related issuance rather than opportunistic trading

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Small equity accrual from dividend equivalents increases a director's direct stake modestly; routine, non-material for investors.

The report documents a routine issuance of 200 shares described as exempt dividend equivalents tied to previously granted deferred stock units. Such issuances are common as compensation settlement mechanisms for directors and align long-term interests with shareholders. The acquisition price listed likely reflects a tax withholding or withholding-equivalent valuation rather than an open-market purchase. Given the modest size (200 shares) relative to the reported 45,974-share holding, this is not a material change in control or alignment signal.

Securities Compliance Analyst

TL;DR: Filing appears standard and compliant; transaction coded as acquisition of shares via dividend equivalents, not market trading.

The Form 4 specifies the transaction code and notes that the shares are exempt dividend equivalents from prior deferred awards, which is consistent with compensation settlement practices and Rule 16 reporting. Ownership is indicated as direct, and no derivative securities or dispositions are reported. There are no indications of unusual trading patterns or Rule 10b5-1 plan activity disclosed in this filing.

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
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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^*

Bertone Andrea 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		200(1)	A	$17.09	45,974	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.

FAQ

What transaction did Andrea E. Bertone report on Form 4 for BTU?

The filing reports an acquisition of 200 shares of Peabody Energy common stock, recorded as exempt dividend equivalents on prior deferred stock unit awards.

At what price were the 200 shares reported and what is the director's total holding?

The reported price is $17.09 per share and the director's beneficial ownership after the transaction is 45,974 shares.

Was this a market purchase or compensation-related issuance?

The filing states the shares represent exempt dividend equivalents on prior deferred stock unit awards, indicating a compensation-related issuance.

Does the Form 4 show any derivative transactions or dispositions by the reporting person?

No. Table II shows no derivative securities reported and there are no dispositions listed in Table I.

How material is this transaction to investors?

This is a modest, non-material increase in holdings (200 shares) relative to the total disclosed ownership and reflects routine compensation settlement.