Grech James C. 4

What Happened
James C. Grech, President & CEO and a director of Peabody Energy Corp (BTU), received 40,320 shares from a performance stock unit award that vested on Feb 19, 2026 (reported as an award/grant). To cover tax withholding on the vesting, 17,157 shares were surrendered/disposed at $33.97 per share, generating proceeds of $582,823. That leaves a net issuance to Mr. Grech of 23,163 shares (40,320 granted minus 17,157 withheld). The award itself is reported at $0.00 acquisition price on the Form 4.

Key Details

• Transaction dates: vesting/award and withholding occurred on 2026-02-19; Form 4 filed 2026-02-23 (timely).
• Reported transactions: A (award/grant) — 40,320 shares @ $0.00 acquired; F (tax withholding) — 17,157 shares @ $33.97 disposed for $582,823.
• Net shares issued to insider: 23,163 shares (40,320 − 17,157).
• Post-transaction total holdings: not disclosed on this Form 4.
• Footnotes:
  • F1: Shares earned from a PSU grant awarded 2023-01-03 with a two-year performance period plus one-year additional vest; Special Committee certified achievement on 2026-02-19.
  • F2: 17,157 shares were withheld to satisfy tax liabilities upon vesting.
• Filing timeliness: Filed within the SEC Form 4 deadline (timely).

Context
This was a performance-based equity vesting (not an open-market purchase or a voluntary sale). The withholding of shares to cover taxes (code F) is routine and common when restricted/PSU awards vest; it does not indicate an open-market sale for investment reasons. Based on the $33.97 per-share value used for the withholding, the gross value of the 40,320-share award would be roughly $1.37 million (approximate).