Pollard Emma 4
4 · Coronado Global Resources Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Coronado (CRN) Chief P&S Officer Emma Pollard Receives 26,534 Shares
What Happened
Emma Pollard, Coronado Global Resources’ Chief P&S Officer, had performance stock units (PSUs) vest and be converted into CDIs/underlying shares. On Feb 11, 2026 she converted/exercised PSUs (194,784 derivative units) that resulted in the acquisition of 19,478.4 shares (reported at $0). On Feb 17, 2026 she received an additional 7,055.8 shares from PSUs vesting (reported at $0). Total acquired = 26,534.2 shares. The Form 4 shows a derivative “disposition” entry (194,784) reflecting the conversion mechanics; no cash changed hands.
Key Details
- Transaction dates and types:
- Feb 11, 2026 — Exercise/conversion of derivative (PSUs): 194,784 units disposed; 19,478.4 shares acquired; $0 per share.
- Feb 17, 2026 — Award/Grant from vested PSUs: 7,055.8 shares acquired; $0 per share.
- Total shares acquired: 26,534.2 shares (sum of reported acquisitions).
- Footnotes: PSUs were acquired Feb 12, 2025 (or via dividend equivalents) and vested Feb 11, 2026. Each PSU entitles the holder to one CHESS Depositary Interest (CDI); CDIs are ASX-traded and convertible into U.S. common shares on a 10-for-1 basis (explains the 10:1 reporting ratio).
- Filing timeliness: Form filed Feb 19, 2026. The Feb 11 conversion appears to have been reported late (filed ~8 days after vesting); the Feb 17 vesting was reported within the typical 2-business-day window.
Context
- These were vested equity awards (PSUs converting to CDIs/stock), not open-market purchases or sales — reported at $0 because they were awards, not cash transactions.
- The “disposed” derivative line reflects the conversion/exercise mechanics of PSUs into underlying CDIs/shares (not a sale to a third party).
- Awards and vesting are routine executive compensation events; they do not by themselves indicate insider sentiment about the company’s stock price.
Insider Transaction Report
Form 4
Pollard Emma
Chief P&S Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-11+19,478.4→ 32,417.8 total - Award
Common Stock
[F2]2026-02-17+7,055.8→ 39,473.6 total - Exercise/Conversion
Performance Stock Units
[F1][F3]2026-02-11−194,784→ 0 totalExercise: $0.00→ Common Stock (19,478.4 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 70,558 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