Spindler Garold 4

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.