Spurbeck Mark 4
Research Summary
AI-generated summary
Peabody (BTU) CFO Mark Spurbeck Receives Award, Sells Shares
What Happened
Mark Spurbeck, EVP and CFO of Peabody Energy (BTU), had 17,136 performance-based shares vest on Feb 18, 2026 (awarded/acquired at $0.00). To cover tax obligations on the vesting, 7,549 shares were withheld/disposed at $33.29 each, netting approximately $251,306.
Key Details
- Transaction dates: Feb 18, 2026 (reported on Form 4 filed Feb 20, 2026).
- Award/acquisition: 17,136 shares @ $0.00 (code A).
- Tax withholding/disposition: 7,549 shares @ $33.29, total ~$251,306 (code F).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — These shares were earned from a Jan 3, 2023 performance stock unit grant after a multi-year performance/vesting period; Compensation Committee certified performance on Feb 18, 2026. F2 — 7,549 shares were withheld to satisfy tax withholding upon vesting.
- Filing timeliness: Filed Feb 20 for a Feb 18 transaction; no late filing indicated.
Context
This was a vesting of performance stock units (an award), not an open-market buy or a voluntary sale. The 7,549-share disposition was a standard tax-withholding/cashless step upon vesting, not necessarily an indicator of broader insider sentiment.