Spindler Garold 4

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

AI-generated summary of this filing

Updated Feb 19, 2026

Coronado (CRN) Executive Chair Garold Spindler Exercises PSUs

What Happened

Garold Spindler, Executive Chair and Director of Coronado Global Resources (ASX: CRN), had performance stock units (PSUs) vest and was issued/converted into common shares. He converted 928,769 derivative units (CDIs/PSUs) into 92,876.9 common shares (reported as an M-code exercise/conversion) and received an additional 30,347.3 shares from PSU vesting on Feb 17. All transactions show a $0.00 per-share price (non‑cash settlements). Total common shares acquired from these actions: 123,224.2 shares.

Key Details

Transaction dates and types:
- 2026-02-11: Exercise/conversion (M) — 928,769 derivatives disposed @ $0.00, resulting in 92,876.9 common shares acquired (reported same filing).
- 2026-02-11: Exercise/conversion (M) — 92,876.9 shares acquired @ $0.00 (settlement of vested PSUs).
- 2026-02-17: Grant/award (A) — 30,347.3 shares acquired @ $0.00 (result of PSUs vesting).
Conversion detail: CDIs are convertible into common shares on a 10-for-1 basis; the larger CDI counts (e.g., 928,769 and 303,473) correspond to the reported share counts after applying that conversion.
Footnotes: PSUs were granted (acquired) Feb 12, 2025 (or via dividend equivalents), vested Feb 11, 2026; each PSU equals one CDI or equivalent cash/shares at the Compensation Committee’s election.
Shares owned after transaction: Not specified in the provided filing excerpt.
Filing timeliness: The Feb 11 conversion was reported on the Form 4 filed 2026-02-19, which appears late relative to the SEC’s typical 2-business-day Form 4 deadline; the Feb 17 vesting was reported within two days (filed Feb 19).

Context

These entries reflect settlement of compensation (vested PSUs converted/issued), not open-market purchases or sales for cash. The $0.00 price indicates non‑cash settlement of award units rather than a market trade.
Vesting/settlement transactions are routine compensation events and do not necessarily signal the insider’s view beyond receiving awarded shares.

Form 4

Period: 2026-02-11

DirectorExecutive Chair

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-11+92,876.9→ 242,322.7 total
Award
Common Stock
[F2]
2026-02-17+30,347.3→ 272,670 total
Exercise/Conversion
Performance Stock Units
[F1][F3]
2026-02-11−928,769→ 0 total
Exercise: $0.00→ Common Stock (92,876.9 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 303,473 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/ Susan Casey, as Attorney-in-Fact|2026-02-19

1 file