Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Share Repurchase Program
+Added: On April 17, 2023, the Company announced that its Board of Directors authorized a new share repurchase program (2023 Repurchase Program) authorizing repurchases of up to $1.0 billion of its common stock.
+Added: Under the 2023 Repurchase Program, the Company may purchase shares of common stock from time to time at the discretion of management through open market purchases, privately negotiated transactions, block trades, accelerated or other structured share repurchase programs or other means.
+Added: The amount of any share repurchase transactions is subject to the Company’s annual AFCF.
+Added: The manner, timing, and pricing of any share repurchase transactions will be based on a variety of factors, including market conditions, applicable legal requirements and alternative opportunities that the Company may have for the use or investment of capital.
+Added: Through March 31, 2024, the Company had repurchased 19.3 million shares of its common stock under the 2023 Repurchase Program for $430.8 million, which included commissions paid of $0.4 million, leaving $ 569.6 million available for share repurchase.
+Added: During the three months ended March 31, 2024, the Company declared dividends per share of $0.075.
+Added: On May 2, 2024, the Company declared an additional dividend per share of $0.075 to be paid on June 5, 2024 to shareholders of record as of May 16, 2024.
The declaration and payment of dividends and the amount of dividends will depend on the Company’s annual AFCF.
−Removed: Peabody anticipates a regular quarterly cash dividend of $0.075 per share, but all shareholder returns remain at the Board of Director's discretion.
−Removed: During the three and nine months ended September 30, 2023, the Company declared dividends per share of $0.075 and $0.150, respectively.
−Removed: On October 26, 2023, the Company declared an additional dividend per share of $0.075 to be paid on November 29, 2023 to shareholders of record as of November 9, 2023.
Share Relinquishments
1 unchanged sentence
The value of Common Stock tendered by employees is determined based on the closing price of the Company’s Common Stock on the dates of the respective relinquishments.
−Removed: Share Repurchase Program
−Removed: On April 17, 2023, the Company announced that its Board of Directors authorized a share repurchase program (2023 Repurchase Program) authorizing repurchases of up to $1.0 billion of its common stock.
−Removed: Under the 2023 Repurchase Program, the Company may purchase shares of common stock from time to time at the discretion of management through open market purchases, privately negotiated transactions, block trades, accelerated or other structured share repurchase programs or other means.
−Removed: The manner, timing, pricing and amount of any share repurchase transactions will be based on a variety of factors, including market conditions, applicable legal requirements and alternative opportunities that the Company may have for the use or investment of capital.
−Removed: Through September 30, 2023, the Company had repurchased 12.6 million shares of its common stock under the 2023 Repurchase Program for $266.6 million, which included commissions paid of $0.2 million, leaving $ 733.6 million available for share repurchase.
−Removed: From October 1, 2023 through October 27, 2023, the Company has purchased an additional 1.1 million shares of its common stock for $ 27.3 million.
Purchases of Equity Securities
−Removed: The following table summarizes all share purchases for the three months ended September 30, 2023:
+Added: The following table summarizes all share purchases for the three months ended March 31, 2024:
Purchased (1)
10 unchanged sentences
(In millions)
−Removed: July 1 through July 31, 2023 3,105,291 $ 21.58 3,104,886 $ 749.0
−Removed: August 1 through August 31, 2023 — — — 749.0
−Removed: September 1 through September 30, 2023 636,035 24.14 636,035 733.6
+Added: January 1 through January 31, 2024 63,947 $ 24.79 — $ 650.0
+Added: February 1 through February 29, 2024 1,416,672 24.76 1,343,694 616.7
+Added: March 1 through March 31, 2024 1,878,201 25.09 1,878,201 569.6
Total 3,358,820 24.95 3,221,895
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.