Spurbeck Mark 4
Research Summary
AI-generated summary
Peabody Energy CFO Mark Spurbeck Sells 30,000 Shares
What Happened
Mark Spurbeck, EVP and Chief Financial Officer of Peabody Energy (BTU), sold 30,000 shares in an open-market transaction on March 4, 2026. The reported weighted-average sale price was $35.58 per share, for a total transaction value of approximately $1,067,400. This was a sale (not a purchase or option exercise) and is typically considered a routine insider disposition rather than a signal of company prospects.
Key Details
- Transaction date: 2026-03-04 (reported on Form 4 filed 2026-03-06) — timely filing (within two business days).
- Transaction type & code: Sale (S), open-market or private sale as reported.
- Shares sold: 30,000; weighted-average price: $35.58; total proceeds ≈ $1,067,400.
- Price range: shares were sold in multiple transactions at prices from $35.43 to $35.74 per share (filing footnote). The filer will provide a breakdown of shares sold at each price on request.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnote: Weighted-average price with range disclosed; additional per-price details available on request.
Context
Insider sales like this are common for executives and can reflect personal liquidity needs, diversification, or routine compensation-related transactions; they do not by themselves indicate the company’s future performance. This filing reports a direct sale by a senior executive (EVP/CFO), not a 10% owner or a derivative exercise.