Thompson Douglas Graham 4

4 · Coronado Global Resources Inc. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Coronado (CRN) CEO Douglas Thompson Converts PSUs to CDIs / Receives Award

What Happened

Douglas Graham Thompson, CEO and Director of Coronado Global Resources (ASX:CRN), reported conversions/exercises and an award tied to previously granted performance stock units (PSUs).
Reported transactions: on 2026-02-11 he exercised/converted derivatives producing 37,484.5 CDIs (reported as 374,845 underlying shares on a 10-for-1 basis) and a related derivative disposition of 374,845 (reported as a derivative disposition). On 2026-02-17 he received a grant/award reported as 19,755.2 shares (which corresponds to 197,552 CDIs per the filing).
All reported acquisitions/exercises were recorded at $0.00 (these were vesting/exercise of PSUs rather than purchases with cash).

Key Details

Transaction dates: 2026-02-11 (exercise/conversion) and 2026-02-17 (award/vesting).
Prices: $0.00 reported for the acquisitions (typical for vested awards); no cash consideration reported.
Reported amounts: 37,484.5 CDIs acquired (reported alongside a 374,845 derivative disposition) and 19,755.2 shares reported on Feb 17 (file notes this equals 197,552 CDIs).
CDI conversion note: CDIs trade on the ASX and per the filing are convertible into Coronado common shares on a 10-for-1 basis (i.e., reporting shows both CDI counts and the corresponding underlying share equivalents).
Shares owned after transaction: not specified in the information provided in this summary (not shown in the provided filing extract).
Filing timing: Form 4 was filed 2026-02-19. The Feb 11 conversion appears to have been reported later than the typical two-business-day Form 4 window (the Feb 17 award was reported within that window).

Context

These transactions reflect PSUs vesting/being settled (conversion to CDIs) and an award settlement—typical compensation events for executives rather than open-market buys or sales.
"M" on the form denotes exercise/conversion of a derivative; "A" denotes grant/award. The reported $0 consideration is consistent with vested awards being settled, not with a purchase.
For retail investors, awards/vesting are routine compensation mechanics and do not by themselves indicate an intent to buy or sell stock on the market.

Form 4

Period: 2026-02-11

DirectorCEO and Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-11+37,484.5→ 43,504.6 total
Award
Common Stock
[F2]
2026-02-17+19,755.2→ 63,259.8 total
Exercise/Conversion
Performance Stock Units
[F1][F3]
2026-02-11−374,845→ 0 total
Exercise: $0.00→ Common Stock (37,484.5 underlying)

Footnotes (3)

[F1]The Performance Stock Units ("PSUs") were acquired on February 12, 2025 or through subsequent dividend equivalent investments and all vested on February 11, 2026. Each PSU represented a right to receive one CHESS Depositary Interest ("CDI") or, at the election of the Compensation and Nominating Committee of the Issuer's Board of Directors (the "Compensation Committee"), an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis.
[F2]Reflects 197,552 CDIs that were acquired on February 17, 2026 as a result of PSUs vesting on the same day.
[F3]Reflects common stock underlying PSUs. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).

Signature

/s/ Douglas G. Thompson|2026-02-19

1 file