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Companies Peabody Energy

Peabody Energy (BTU): executive pay, fiscal 2025

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CEO total pay$9,025,131CEO James Grech · source
Say-on-pay support98.31%Latest vote · source
CEO vs. named peers73rd pct.Of 17 peer CEOs
CEO pay ratio62:1To the median employee · source

CEO pay, last three years

  • $5,879,892FY2023
  • $6,972,467FY2024
  • $9,025,131FY2025

CEO total pay was $9,025,131 in fiscal 2025, up from $6,972,467 in fiscal 2024.

FY2025: salary $1,075,000 · bonus $718,750 · stock awards $5,080,125 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Peabody Energy in fiscal 2025?
As disclosed, James Grech (President and Chief Executive Officer) was the highest-paid executive at Peabody Energy in fiscal 2025, with total compensation of $9,025,131.
How does Peabody Energy's chief executive pay compare to its disclosed peer group?
As disclosed, James Grech's total compensation ranked at the 73rd percentile of Peabody Energy's disclosed peer group.
What is Peabody Energy's CEO-to-median employee pay ratio?
As disclosed, Peabody Energy's CEO-to-median employee pay ratio was 62:1.
How did shareholders vote on Peabody Energy's executive compensation?
As disclosed, 98.31% of shareholders supported Peabody Energy's executive compensation in the latest say-on-pay vote.
How much does Peabody Energy spend in total on board compensation for fiscal 2025?
As disclosed, Peabody Energy reported total board compensation of $2,381,602 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Grech$1,075,000$718,750$5,080,125$0$1,835,853$0$315,403$9,025,131
President and Chief Executive Officer
Darren Yeates774,995305,0002,419,58201,025,428015,9754,540,979
Executive Vice President and Chief Operating Officer
Mark Spurbeck687,500258,3341,780,6000898,669064,9613,690,064
Executive Vice President and Chief Financial Officer
Scott Jarboe568,750183,3331,466,3970701,283040,5582,960,321
Chief Administrative Officer and Corporate Secretary
Patrick Forkin III463,500350,667890,2560552,759052,3262,309,508
Executive Vice President Global Strategy & Peabody Development

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
James Grech$9,025,131$6,972,467$5,879,892↑ +2,052,664
Darren Yeates4,540,9793,264,0913,046,717↑ +1,276,888
Mark Spurbeck3,690,0642,861,1752,775,833↑ +828,889
Scott Jarboe2,960,3212,319,3062,029,375↑ +641,015
Patrick Forkin III2,309,508———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Peabody's executive compensation program is grounded in a pay-for-performance approach, with rewards consisting of a combination of base salary, annual incentives and long-term incentives. The program design balances performance orientation and retention, with 50% of the long-term incentive mix performance-based and 50% time-based.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantF.W. Cook
Clawback policytrue
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Scott JarboePSU2025-01-0216817,081—33,556$349,989
Mark SpurbeckPSU2025-01-0220420,741—40,746424,981
Darren YeatesPSU2025-01-0227728,185—55,368577,488
Patrick Forkin IIIPSU2025-01-0210210,370—20,372212,480
James GrechPSU2025-01-0258159,176—116,2501,212,488
Patrick Forkin IIIPSU2025-01-021,01920,372—40,744465,296
Darren YeatesPSU2025-01-022,76855,368—110,7361,264,605
Scott JarboePSU2025-01-021,67833,556—67,112766,419
Mark SpurbeckPSU2025-01-022,03740,746—81,492930,639
James GrechPSU2025-01-025,813116,250—232,5002,655,150
Patrick Forkin IIIPSU2025-01-0210210,186—20,372212,480
James GrechPSU2025-01-0258158,125—116,2501,212,488
Darren YeatesPSU2025-01-0227727,684—55,368577,488
Scott JarboePSU2025-01-0216816,778—33,556349,989
Mark SpurbeckPSU2025-01-0220420,373—40,746424,981

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Scott Jarboe$0$1,466,397$0100.0%
Mark Spurbeck01,780,6010100.0%
Darren Yeates02,419,5810100.0%
Patrick Forkin III0890,2560100.0%
James Grech05,080,1260100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Patrick Forkin IIIRSU2,076—$61,663
Scott JarboeRSU3,460—102,772
Patrick Forkin IIIRSU5,636—167,404
Mark SpurbeckRSU5,883—174,712
Darren YeatesRSU6,056—179,851
Patrick Forkin IIIPSU6,229—184,990
Scott JarboeRSU8,456—251,136
Mark SpurbeckRSU9,864—292,972
Patrick Forkin IIIRSU10,370—307,995
Scott JarboePSU10,381—308,316
Darren YeatesRSU13,458—399,705
James GrechRSU13,841—411,088
Patrick Forkin IIIPSU16,912—502,273
Scott JarboeRSU17,081—507,318
Mark SpurbeckPSU17,648—524,137
Darren YeatesPSU18,167—539,553
Mark SpurbeckRSU20,741—616,020
Scott JarboePSU25,367—753,409
Darren YeatesRSU28,185—837,083
Mark SpurbeckPSU29,595—878,978
Patrick Forkin IIIPSU31,111—923,984
James GrechRSU32,590—967,917
Darren YeatesPSU40,375—1,199,146
James GrechPSU41,524—1,233,265
Scott JarboePSU51,244—1,521,953
James GrechRSU59,176—1,757,530
Mark SpurbeckPSU62,224—1,848,060
Darren YeatesPSU84,554—2,511,249
James GrechPSU97,769—2,903,750
James GrechPSU177,528—5,272,589
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert A. MaloneIndependent · Board Chair$317,000$124,995——$5,000$446,995
Nicholas J. ChirekosIndependent · Audit (Chair)182,000124,995——4,000310,995
Joe W. LaymonIndependent · Compensation (Chair)172,000124,995——5,000301,995
Stephen E. GormanIndependent · Compensation172,000124,995——0296,995
Andrea E. BertoneIndependent · Audit164,500124,995——0289,495
William H. ChampionIndependent · Compensation150,500124,995——5,000280,495
M. Katherine BanksIndependent · Audit150,500124,995——0275,495
Clayton D. WalkerIndependent · Compensation · Newly elected23,33362,479——5,00090,812
Georganne M. HodgesIndependent · Audit · Newly elected22,08366,242——088,325
James C. GrechEmployee director · Executive—————0

Board fee structure and ownership guideline

Annual cash retainer$140,000
Annual equity retainer$125,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 20,000
Stock ownership guideline$500,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,353,916
Equity awards (grant-date value)$1,003,686
All other compensation$24,000
Total cost of the board$2,381,602

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Peabody Energy as a peer

Companies that benchmark against BTU

3 companies name BTU as a compensation peer

Each company listed discloses BTU in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BTU in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Peabody Energy names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1ATI Inc.2025Kimberly Fields$950,000$10,051,700$0$2,295,794$13,512,737
2APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
3Carpenter Technology2026Tony Thene1,055,3568,250,41802,924,78412,393,230
4Peabody Energy2025James Grech1,075,0005,080,12501,835,8539,025,131
5CVR Energy, Inc.2025David Lamp1,200,0001,678,68302,034,0008,602,449
6Commercial Metals Company2025Peter Matt1,084,6165,505,80501,322,5308,022,901
7Warrior Met Coal, Inc.2025Walter Scheller III900,0004,121,83102,011,7257,336,513
8Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
9Compass Minerals International, Inc.2025Edward Dowling Jr.1,000,0003,500,01901,645,2806,343,575
10SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
11Alpha Metallurgical Resources, Inc.2025C. Andrew Eidson943,8462,660,3570520,9564,167,842
12Hallador Energy2025Brent Bilsland675,00000659,2301,442,407
—B2Gold Corp.——————not in coverage universe
—Agnico Eagle Mines Limited——————not in coverage universe
—Teck Resources Limited——————not in coverage universe
—Arch Resources, Inc.——————not in coverage universe
—Consol Energy Inc.——————not in coverage universe
—Southwestern Energy Company——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Peabody Energynot disclosedPSU 50 · RSU 50not disclosedF.W. Cook
Agnico Eagle Mines Limitednot disclosednot disclosednot disclosednot disclosed
Alpha Metallurgical Resources, Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian
Antero Resources Corporation157.2%PSU 50 · RSU 50Yes — Absolute TSRCBIZ Compensation Consulting
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Arch Resources, Inc.not disclosednot disclosednot disclosednot disclosed
ATI Inc.not disclosedPSU 70 · RSU 30not disclosedMeridian Compensation Partners, LLC
B2Gold Corp.not disclosednot disclosednot disclosednot disclosed
Carpenter Technologynot disclosedPRSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Korn Ferry
Commercial Metals Companynot disclosednot disclosednot disclosedFW Cook
Compass Minerals International, Inc.not disclosedRSU 50 · PSU 50not disclosedFW Cook
Consol Energy Inc.not disclosednot disclosednot disclosednot disclosed
CVR Energy, Inc.113%RSU 100not disclosedNone (not engaged in 2025)
Hallador Energynot disclosedRSU 100not disclosedF.W. Cook & Co.
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Southwestern Energy Companynot disclosednot disclosednot disclosednot disclosed
Teck Resources Limitednot disclosednot disclosednot disclosednot disclosed
Warrior Met Coal, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0785,941,1731,477,363352,43798.31%Passed
20252025-05-0872,392,5876,260,142244,82892.04%Passed
20242024-05-0979,561,3481,486,282399,48598.17%Passed
20232023-05-0476,478,3285,094,235974,93492.65%Passed
20222022-05-0574,299,7053,460,206253,34995.24%Passed
20212021-05-0663,506,8881,710,829134,31997.18%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-0798.31%a
20252025-05-0892.04%b
20242024-05-0998.17%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)62 : 1
CEO total compensation—
Median employee compensation—
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (51 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, James Grech. DEF 14A, filed 2026-03-26. Section “EXECUTIVE COMPENSATION TABLES” · page 48. As printed: 9,025,131. View filing ↗
  • Section 01, Darren Yeates. DEF 14A, filed 2026-03-26. Section “EXECUTIVE COMPENSATION TABLES” · page 48. As printed: 4,540,979. View filing ↗
  • Section 01, Mark Spurbeck. DEF 14A, filed 2026-03-26. Section “EXECUTIVE COMPENSATION TABLES” · page 48. As printed: 3,690,064. View filing ↗
  • Section 01, Scott Jarboe. DEF 14A, filed 2026-03-26. Section “EXECUTIVE COMPENSATION TABLES” · page 48. As printed: 2,960,321. View filing ↗
  • Section 01, Patrick Forkin III. DEF 14A, filed 2026-03-26. Section “EXECUTIVE COMPENSATION TABLES” · page 48. As printed: 2,309,508. View filing ↗
  • Section 03, Scott Jarboe PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Spurbeck PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Darren Yeates PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick Forkin III PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Grech PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick Forkin III PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Darren Yeates PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Scott Jarboe PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Spurbeck PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Grech PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick Forkin III PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Grech PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Darren Yeates PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Scott Jarboe PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Spurbeck PSU. DEF 14A, filed 2026-03-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2022-03-24. Section “CEO Pay Ratio”. As printed: 62 : 1. View filing ↗
  • Section 08, Robert A. Malone. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 446,995. View filing ↗
  • Section 08, Nicholas J. Chirekos. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 310,995. View filing ↗
  • Section 08, Joe W. Laymon. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 301,995. View filing ↗
  • Section 08, Stephen E. Gorman. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 296,995. View filing ↗
  • Section 08, Andrea E. Bertone. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 289,495. View filing ↗
  • Section 08, William H. Champion. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 280,495. View filing ↗
  • Section 08, M. Katherine Banks. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 275,495. View filing ↗
  • Section 08, Clayton D. Walker. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 90,812. View filing ↗
  • Section 08, Georganne M. Hodges. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 88,325. View filing ↗
  • Section 08, James C. Grech. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-07. Item 5.07 · say-on-pay result. As reported: 98.31% (votes for as printed: 85,941,173). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-12. Item 5.07 · say-on-pay result. As reported: 92.04% (votes for as printed: 72,392,587). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-09. Item 5.07 · say-on-pay result. As reported: 98.17% (votes for as printed: 79,561,348). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,353,916 + equity 1,003,686 + all other 24,000 = 2,381,602, summed across the director compensation table rows.
  • ATI Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in ATI Inc.'s own proxy. As printed: 13,512,737. View filing ↗
  • APA Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. View filing ↗
  • Carpenter Technology, Section 10b CEO total. DEF 14A, filed 2026-09-11. CEO total compensation as printed in Carpenter Technology's own proxy. As printed: 12,393,230. View filing ↗
  • Peabody Energy (subject), Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Peabody Energy's own proxy. As printed: 9,025,131. View filing ↗
  • CVR Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in CVR Energy, Inc.'s own proxy. As printed: 8,602,449. View filing ↗
  • Commercial Metals Company, Section 10b CEO total. DEF 14A, filed 2025-11-25. CEO total compensation as printed in Commercial Metals Company's own proxy. As printed: 8,022,901. View filing ↗
  • Warrior Met Coal, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Warrior Met Coal, Inc.'s own proxy. As printed: 7,336,513. View filing ↗
  • Antero Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. View filing ↗
  • Compass Minerals International, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-23. CEO total compensation as printed in Compass Minerals International, Inc.'s own proxy. As printed: 6,343,575. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. View filing ↗
  • Alpha Metallurgical Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Alpha Metallurgical Resources, Inc.'s own proxy. As printed: 4,167,842. View filing ↗
  • Hallador Energy, Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in Hallador Energy's own proxy. As printed: 1,442,407. View filing ↗
  • Section 10a, Compass Minerals International, Inc. reciprocity. DEF 14A. Compass Minerals International, Inc. names Peabody Energy in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Alpha Metallurgical Resources, Inc. reciprocity. DEF 14A. Alpha Metallurgical Resources, Inc. names Peabody Energy in its own disclosed peer group (read from its most recent proxy). View filing ↗
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