Pollard Emma 4

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.