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PAUL A. LANG
Chief Executive Officer |
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Director
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Areas of Expertise
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Qualifications and Other Information
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James N. Chapman Age 60 Director since October 2016 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Strategic Planning and Risk Management |
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James N. Chapman served as a non-executive advisory director of SkyWorks Capital, LLC, an aviation and aerospace management consulting services company, from 2004 to 2019. Mr. Chapman has served as the Company’s Lead Independent Director since April 2020. Mr. Chapman served as Chair of the Company’s Board of Directors from October 2016 to April 2020.
Current Public Company Directorships (other than the Company): Denbury, Inc. (since September 2020) and California Resources Corporation (since October 2020).
Public Company Directorships in Past Five Years: Tower International, Inc. (from October 2010 to October 2019) and AerCap Holdings N.V. (from November 2006 to May 2018).
Mr. Chapman contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through his strategic planning, finance and board leadership experience. Mr. Chapman has more
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Director
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Areas of Expertise
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Qualifications and Other Information
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| | | | | | than 35 years of investment banking experience across a wide range of industries, including metals and mining, energy, and natural resources, as well as significant experience as a capital markets and strategic planning consultant. He has served on numerous boards of directors of publicly held and private companies during his career. | |
John W. Eaves
Age 65 Director since February 2006 |
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CEO/Senior Management
Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Marketing Strategic Planning and Risk Management |
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John W. Eaves has served as Executive Chair since April 2020. Prior to April 2020, Mr. Eaves served as Chief Executive Officer from April 2012 until his retirement in April 2020. During his tenure with the Company, Mr. Eaves has also held the positions of President and Chief Operating Officer; Senior Vice President of Marketing; and Vice President of Marketing and President of Arch Coal Sales, the Company’s marketing subsidiary. Mr. Eaves joined the Company in 1987 after serving in various marketing-related positions at Diamond Shamrock Coal Company and Natomas Coal Company.
Current Public Company Directorships (other than the Company): CF Industries Holdings, Inc. (since July 2017).
Public Company Directorships in Past Five Years: None.
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| Mr. Eaves contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through his position as Executive Chair and his prior position as Chief Executive Officer of the Company. As Executive Chair, and as a result of the experience he has gained during his tenure with the Company, Mr. Eaves has intimate knowledge of all aspects of the Company’s business and an extensive understanding of the Company’s industry and customer base. | | |||||
Holly Keller Koeppel Age 64 Director since February 2019 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Marketing Strategic Planning and Risk Management |
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Holly Keller Koeppel served as Managing Partner and head of Gateway Infrastructure Investments LP from March 2015 to January 2017. From 2010 to February 2015, she was Partner and Global Co-Head of Citi Infrastructure Investors, a division of Citigroup, Inc. Ms. Koeppel served as Executive Vice President and Chief Financial Officer of American Electric Power Corporation (“AEP”) from 2006 to 2009 and several additional executive positions at AEP from 2000 to 2006.
Current Public Company Directorships (other than the Company): AES Corporation (since April 2015), British American Tobacco plc (since July 2017) and Flutter Entertainment plc (since May 2021).
Public Company Directorships in Past Five Years: Vesuvius plc (April 2017 to May 2021).
Ms. Koeppel contributes to the mix of experience and
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Director
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Areas of Expertise
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Qualifications and Other Information
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| | | | | | qualifications the Board seeks to maintain, primarily through her finance and accounting, senior management and board leadership experience, as well as her substantial knowledge of the energy industry. Ms. Koeppel’s service as Executive Vice President and Chief Financial Officer of AEP and her other public company board experience provide valuable insight and perspective to the Board. | |
Patrick A. Kriegshauser Age 61 Director since October 2016 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Marketing Strategic Planning and Risk Management |
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Patrick A. Kriegshauser serves as Executive Vice President, Chief Financial Officer and a director of ArchKey Holdings, Inc., a privately held company. Mr. Kriegshauser also serves as Executive Vice President of Sachs Electric Company, which is owned by ArchKey Holdings, Inc. He has held executive-level positions with Sachs Electric Company since 2000. From 1985 to 2000, Mr. Kriegshauser served in various executive capacities at the Company, including serving as Senior Vice President and Chief Financial Officer from 1996 to 2000. He started his career at PricewaterhouseCoopers LLP.
Current Public Company Directorships (other than the Company): None.
Public Company Directorships in Past Five Years: None.
Mr. Kriegshauser contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through his finance and accounting, senior management and board leadership experience, as well as his substantial knowledge of the coal and energy industries. Mr. Kriegshauser formerly served as Chief Financial Officer on the executive leadership teams of both Sachs Electric Company and the Company, and he now serves in such capacity at ArchKey Holdings, Inc. He has also served on the boards of other coal producers.
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Paul A. Lang Age 62 Director since February 2020 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Marketing Strategic Planning and Risk Management |
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Paul A. Lang is currently our President and Chief Executive Officer, serving as President since April 2015, and Chief Executive Officer since April 2020. Mr. Lang joined the Company in 1984 and — prior to his current role — served as our Executive Vice President and Chief Operating Officer. He previously held a variety of engineering and operating positions at both the Company’s eastern and western operations, and served on the Company’s Board from 2014 through 2016. Mr. Lang is a member of the executive committee of the National Mining Association and a member of the Board of Trustees at the Missouri University of Science and Technology.
Current Public Company Directorships (other than the Company): None.
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Director
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Areas of Expertise
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Qualifications and Other Information
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Public Company Directorships in Past Five Years: None.
Mr. Lang contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through his position as President and Chief Executive Officer and prior senior positions with the Company. Mr. Lang has intimate knowledge of all aspects of the Company’s operations, marketing and an extensive understanding of the mining industry.
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Richard A. Navarre Age 62 Director since October 2016 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Marketing Strategic Planning and Risk Management |
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Richard A. Navarre served as Chief Executive Officer and President of Covia Holdings LLC, a privately held company, from May 2019 to May 2021. He served as President and Chief Commercial Officer of Peabody Energy Corporation from 2008 until 2012 and as Peabody’s Chief Financial Officer and Executive Vice President of Corporate Development from 1999 to 2008. Prior to joining Peabody in 1993, Mr. Navarre was a senior manager with KPMG, LLP.
Current Public Company Directorships (other than the Company): Civeo Corporation (since June 2014), and Natural Resource Partners L.P. (since October 2013).
Public Company Directorships in Past Five Years (including companies that are no longer publicly listed): Covia Holdings LLC* (June 2018 to May 2021).
*Covia Holdings LLC (f/k/a Covia Corporation) is no longer publicly listed.
Mr. Navarre contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through his leadership, operations, strategic planning, finance and accounting, senior management and marketing experience, as well as his extensive understanding of the coal and energy industries. During his long tenure with Peabody Energy Corporation, Mr. Navarre served in many executive-level positions including President, Chief Commercial Officer and Chief Financial Officer. He has also served on the board of directors of United Coal Company LLC.
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Molly P. Zhang Age: 61 Director since January 2022 |
| | CEO/Senior Management Industry ESG Finance and Accounting Governance/Board Government Relations Human Capital Management Strategic Planning and Risk Management |
| | Molly P. Zhang (aka Peifang Zhang) served in various global executive roles with Orica Limited, a global mining services company, from 2011 to 2016, most recently as vice president of asset management from 2015 to 2016. Ms. Zhang served in various senior leadership positions with Dow, Inc. from 1989 to 2011, most recently as managing director, SCG-Dow Group from 2009 to 2011 and as global business vice president for Dow’s Technology Licensing and Catalyst business as well as head of manufacturing for Dow Asia Pacific from 2006 to 2009. | |
Director
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Areas of Expertise
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Qualifications and Other Information
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Current Public Company Directorships (other than the Company): Gates Industrial Corporation plc (since July 2020) and Aqua Metals, Inc. (since March 2021).
Public Company Directorships in Past Five Years: GEA Group AG (from April 2016 to December 2021), Cooper-Standard Holdings, Inc. (from May 2017 to May 2020) and Newmont Mining Corporation (from July 2017 to June 2019).
Ms. Zhang contributes to the mix of experience and qualifications the Board seeks to maintain, primarily through her international leadership experience in the areas of global operations, business and technology, as well as her considerable board experience and extensive knowledge of the mining and energy industries. Ms. Zhang has over 30 years of diverse international business experience with companies such as Orica Limited, a global mining services company, and Dow Inc. She holds a master’s degree in chemistry and a PhD in chemical engineering from the Technical University of Clausthal, Germany.
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Tenure
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Age
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Board of
Directors |
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ESG and
Nominating |
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Personnel and
Compensation |
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Audit(1)
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Number of 2022 meetings
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| | | | 8 | | | | | | 5 | | | | | | 6 | | | | | | 7 | | |
Mr. Bartels(2) | | | | | M | | | | | | | | | | | | | | | | | | M | | |
Mr. Chapman
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| | | | LD | | | | | | M | | | | | | M | | | | | | | | |
Mr. Eaves
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| | | | C | | | | | | | | | | | | | | | | | | | | |
Ms. Koeppel
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| | | | M | | | | | | C | | | | | | M | | | | | | | | |
Mr. Kriegshauser
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| | | | M | | | | | | | | | | | | | | | | | | C | | |
Mr. Lang
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| | | | M | | | | | | | | | | | | | | | | | | | | |
Mr. Navarre
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| | | | M | | | | | | M | | | | | | C | | | | | | | | |
Ms. Zhang
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| | | | M | | | | | | | | | | | | | | | | | | M | | |
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Fee
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Service
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2022
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2021
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Audit Fees(1)
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| | | $ | 1,858,198 | | | | | $ | 1,772,032 | | |
Audit-Related Fees(2)
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| | | $ | 550,000 | | | | | | — | | |
Tax Fees(3)
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| | | | — | | | | | | — | | |
All Other Fees
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Name
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Title
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Years of
Service(1) |
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John W. Eaves
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| | Executive Chair | | |
40
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Paul A. Lang
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| | President and Chief Executive Officer | | |
38
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Matthew C. Giljum
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| | Senior Vice President and Chief Financial Officer | | |
19
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John T. Drexler
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| | Senior Vice President and Chief Operating Officer | | |
25
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Rosemary L. Klein.
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Senior Vice President — Law, General Counsel and Corporate Secretary
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8
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| CEO Pay Mix at Target Levels | | | Average NEO Pay Mix at Target Levels(1) | |
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Component
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Key Features
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Objectives
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| | | Direct Compensation | | | | |
Base Pay
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| | Fixed annual cash amount, paid at regular intervals | | | Provides a regular source of income at competitive levels. | |
Annual Incentive Compensation Plan | | | Performance-based cash compensation opportunity tied to annual goals of Adjusted EBITDA, Free Cash Flow, and safety and environmental measures | | |
Financial metrics focus NEOs on achieving key annual financial goals and objectives based on budgeted expectations for the year.
Safety and environmental measures focus NEOs on these important areas of performance.
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Long-Term Incentive Plan
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| | Long-term incentive plan opportunities delivered through annual grants of restricted stock units with three-year vesting periods | | | NEOs receive annual grants of restricted stock units under our LTIP, 50% of which vest only to the extent that specified performance thresholds are attained. For our 2022 LTIP awards, meaningful stockholder value delivery is required for the performance-based awards to vest, which are intended to align management and stockholder interests. | |
| | | Other Compensation | | | | |
Benefits | | | Standard range of medical, dental, life insurance, disability and retirement plans available to other employees | | | Provide market-competitive level of support in the event of injury, illness and retirement. | |
| | | No tax gross-ups or executive perquisites | | | | |
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Allegheny Technologies, Inc.
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Diamondback Energy, Inc.
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Alliance Resource Partners, L.P.
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Peabody Energy Corporation
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Alpha Metallurgical Resources, Inc
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Schnitzer Steel Industries, Inc.
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Carpenter Technology Corporation
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Southwestern Energy Company
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Cleveland-Cliffs, Inc..
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•
Summit Materials, Inc.
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Compass Minerals International, Inc.
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•
SunCoke Energy, Inc.
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CONSOL Energy, Inc.
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•
Warrior Met Coal, Inc.
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Denbury, Inc.
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•
Worthington Industries, Inc.
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% of Target 2020
Compensation(1) |
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% of Target 2021
Compensation(1) |
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% of Target 2022
Compensation(1) |
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Fixed
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Performance-
Based |
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Fixed
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Performance-
Based |
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Fixed
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Performance-
Based |
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Name
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Base
Salary |
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Annual
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Long-
Term |
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Base
Salary |
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Annual
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Long-
Term |
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Base
Salary |
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Annual
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Long-
Term |
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John W. Eaves
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| | | | 25% | | | | | | 25% | | | | | | 50% | | | | | | | 25% | | | | | | 25% | | | | | | 50% | | | | | | | 24% | | | | | | 28% | | | | | | 48% | | |
Paul A. Lang
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| | | | 17% | | | | | | 22% | | | | | | 61% | | | | | | | 17% | | | | | | 22% | | | | | | 61% | | | | | | | 17% | | | | | | 22% | | | | | | 61% | | |
Matthew C. Giljum
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| | | | 23% | | | | | | 19% | | | | | | 58% | | | | | | | 23% | | | | | | 20% | | | | | | 57% | | | | | | | 23% | | | | | | 20% | | | | | | 57% | | |
John T. Drexler
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| | | | 21% | | | | | | 21% | | | | | | 58% | | | | | | | 21% | | | | | | 21% | | | | | | 58% | | | | | | | 21% | | | | | | 21% | | | | | | 58% | | |
Rosemary L. Klein.
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| | | | — | | | | | | — | | | | | | — | | | | | | | 24% | | | | | | 17% | | | | | | 59% | | | | | | | 24% | | | | | | 17% | | | | | | 59% | | |
Name
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2021 Salary
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2022 Salary
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% Change (+/-)
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John W. Eaves
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| | | $ | 540,000 | | | | | $ | 650,000 | | | | | | +20.4% | | |
Paul A. Lang
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| | | $ | 925,000 | | | | | $ | 1,000,000 | | | | | | +8.1% | | |
Matthew C. Giljum
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| | | $ | 475,000 | | | | | $ | 500,000 | | | | | | +5.3% | | |
John T. Drexler
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| | | $ | 675,000 | | | | | $ | 675,000 | | | | | | 0.0% | | |
Rosemary L. Klein.
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| | | $ | 435,000 | | | | | $ | 450,000 | | | | | | +3.4% | | |
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2020
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2021
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2022
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Name
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Target as % of
Base Salary |
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Actual Payout
as % of Base Salary |
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Target as % of
Base Salary |
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Actual Payout
as % of Base Salary(1) |
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Target as % of
Base Salary |
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Actual Payout
as % of Base Salary(2) |
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John W. Eaves
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| | | | 100% | | | | | | 64% | | | | | | 100% | | | | | | 170% | | | | | | 115% | | | | | | 214% | | |
Paul A. Lang
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| | | | 125% | | | | | | 67% | | | | | | 125% | | | | | | 213% | | | | | | 125% | | | | | | 250% | | |
Matthew C. Giljum
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| | | | 80% | | | | | | 40% | | | | | | 85% | | | | | | 140% | | | | | | 85% | | | | | | 170% | | |
John T. Drexler
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| | | | 100% | | | | | | 55% | | | | | | 100% | | | | | | 170% | | | | | | 100% | | | | | | 200% | | |
Rosemary L. Klein
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| | | | — | | | | | | — | | | | | | 70% | | | | | | 119% | | | | | | 70% | | | | | | 140% | | |
Performance Measure
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2022
Portion of Total Target Award |
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Adjusted EBITDA (Financial)
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| | | | 50% | | |
Free Cash Flow (Financial)
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| | | | 20% | | |
Safety Incident Rate (ESG)
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| | | | 15% | | |
Environmental Compliance (ESG)
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| | | | 15% | | |
Performance Measure
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Threshold
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Target
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Maximum
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Adjusted EBITDA (Financial)
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| | | | 25% | | | | | | 100% | | | | | | 200% | | |
Free Cash Flow (Financial)
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| | | | 25% | | | | | | 100% | | | | | | 200% | | |
Safety Incident Rate(1) (ESG)
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| | | | 50% | | | | | | 100% | | | | | | 200% | | |
Environmental Compliance (ESG)
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| | | | 50% | | | | | | 100% | | | | | | 200% | | |
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2022 PERFORMANCE GOALS
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Performance Measure
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Threshold
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Target
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Maximum
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Adjusted EBITDA
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| | | $ | 498,766,800 | | | | | $ | 712,524,000 | | | | | $ | 926,281,200 | | |
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2022 PERFORMANCE GOALS
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Performance Measure
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Threshold
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Target
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Maximum
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Free Cash Flow
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| | | $ | 319,130,000 | | | | | $ | 455,900,000 | | | | | $ | 592,670,000 | | |
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2022 PERFORMANCE GOALS
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Performance Measure
|
| |
Threshold
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Target
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| |
Maximum
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Safety Incident Rate(1)
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| | | | 1.42 | | | | | | 1.29 | | | | | | 1.16 | | |
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2022 PERFORMANCE GOALS
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Performance Measure
|
| |
Threshold
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Target
|
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Maximum
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Environmental Compliance | | |
4 NOVs
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3 NOVs
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2 NOVs
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Performance Measure
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Actual
Performance |
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Applicable
Payout Percentage |
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Relative
Weighting |
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Weighted
Payout Percentage |
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Adjusted EBITDA
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| | | $ | 1,260,432,000 | | | | | | 200% | | | | | | 50% | | | | | | 100% | | |
Free Cash Flow
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| | | $ | 1,035,700,000 | | | | | | 200% | | | | | | 20% | | | | | | 40% | | |
Safety Incident Rate
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| | | | 0.84 | | | | | | 200% | | | | | | 15% | | | | | | 30% | | |
Environmental Compliance
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1 NOV
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| | | | 200% | | | | | | 15% | | | | | | 30% | | |
Name
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Target as % of
Base Salary(1) |
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Actual Payout
as % of Base Salary(1) |
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Dollar Amount
of Actual Payout(2) |
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John W. Eaves
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| | | | 107% | | | | | | 214% | | | | | $ | 1,258,492 | | |
Paul A. Lang
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| | | | 125% | | | | | | 250% | | | | | $ | 2,393,144 | | |
Matthew C. Giljum
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| | | | 85% | | | | | | 170% | | | | | $ | 825,780 | | |
John T. Drexler
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| | | | 100% | | | | | | 200% | | | | | $ | 1,350,000 | | |
Rosemary L. Klein
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| | | | 70% | | | | | | 140% | | | | | $ | 618,032 | | |
Named Executive Officer
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2022 LTIP
Target as % of Base Salary |
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Time-Based
RSUs(1) |
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Performance-Based
RSUs(1) |
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John W. Eaves
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| | | | 200% | | | | | | 5,400 | | | | | | 5,400 | | |
Paul A. Lang
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| | | | 350% | | | | | | 16,150 | | | | | | 16,150 | | |
Matthew C. Giljum
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| | | | 250% | | | | | | 5,950 | | | | | | 5,950 | | |
John T. Drexler
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| | | | 275% | | | | | | 9,250 | | | | | | 9,250 | | |
Rosemary L. Klein
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| | | | 250% | | | | | | 5,450 | | | | | | 5,450 | | |
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ATI, Inc.
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Diamondback Energy, Inc.
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Alliance Resource Partners, L.P.
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Peabody Energy Corporation
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•
Alpha Metallurgical Resources, Inc.
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•
Schnitzer Steel Industries, Inc.
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Carpenter Technology Corporation
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Southwestern Energy Company
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Cleveland-Cliffs, Inc.
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•
Summit Materials, Inc.
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•
Compass Minerals International, Inc.
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•
SunCoke Energy, Inc.
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•
CONSOL Energy, Inc.
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•
Warrior Met Coal, Inc.
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•
Denbury, Inc.
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•
Worthington Industries, Inc.
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Performance Measure
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Threshold
(50%) |
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Target
(100%) |
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Maximum
(200%) |
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Relative Total Shareholder Return
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25th Percentile
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50th Percentile
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90th Percentile
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Position
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Requirement
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Executive Chair
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5 × Salary
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President and Chief Executive Officer
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5 × Salary
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Chief Financial Officer
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3 × Salary
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Chief Operating Officer
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3 × Salary
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All Other Senior Officers
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3 × Salary
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Name and Principal Position
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Year
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| |
Salary
($) |
| |
Bonus
($)(1) |
| |
Stock
Awards ($)(2) |
| |
Non-Equity
Incentive Plan Compensation Earnings ($) |
| |
Change in
Pension Value and Non-Qualified Deferred Compensation Earnings ($)(3) |
| |
All Other
Compensation ($)(4) |
| |
Total
($) |
| ||||||||||||||||||||||||
John W. Eaves
Executive Chair |
| | | | 2022 | | | | | $ | 587,311 | | | | | | — | | | | | $ | 1,469,016 | | | | | $ | 1,258,492 | | | | | | — | | | | | $ | 18,300 | | | | | $ | 3,333,119 | | |
| | | 2021 | | | | | $ | 540,000 | | | | | $ | 250,000 | | | | | $ | 3,169,280 | | | | | $ | 918,000 | | | | | | — | | | | | $ | 17,400 | | | | | $ | 4,894,680 | | | ||
| | | 2020 | | | | | $ | 699,032 | | | | | $ | 250,000 | | | | | $ | 2,797,526 | | | | | $ | 447,051 | | | | | | — | | | | | $ | 41,440 | | | | | $ | 4,235,049 | | | ||
Paul A. Lang
President and Chief Executive Officer |
| | | | 2022 | | | | | $ | 957,258 | | | | | | — | | | | | $ | 4,393,446 | | | | | $ | 2,393,144 | | | | | | — | | | | | $ | 18,300 | | | | | $ | 7,762,148 | | |
| | | 2021 | | | | | $ | 898,269 | | | | | $ | 160,000 | | | | | $ | 6,312,050 | | | | | $ | 1,909,152 | | | | | $ | 3,798 | | | | | $ | 15,796 | | | | | $ | 9,299,065 | | | ||
| | | 2020 | | | | | $ | 825,815 | | | | | $ | 160,000 | | | | | $ | 2,021,072 | | | | | $ | 555,398 | | | | | $ | 101,370 | | | | | $ | 17,400 | | | | | $ | 3,681,056 | | | ||
Matthew C. Giljum
Senior Vice President and Chief Financial Officer |
| | | | 2022 | | | | | $ | 485,753 | | | | | | — | | | | | $ | 1,618,638 | | | | | $ | 825,780 | | | | | | — | | | | | $ | 18,300 | | | | | $ | 2,948,471 | | |
| | | 2021 | | | | | $ | 461,635 | | | | | $ | 46,667 | | | | | $ | 2,218,225 | | | | | $ | 646,844 | | | | | | — | | | | | $ | 17,400 | | | | | $ | 3,390,771 | | | ||
| | | 2020 | | | | | $ | 403,569 | | | | | $ | 46,667 | | | | | $ | 490,669 | | | | | $ | 160,885 | | | | | $ | 38,402 | | | | | $ | 17,100 | | | | | $ | 1,157,292 | | | ||
John T. Drexler
Senior Vice President and Chief Operating Officer |
| | | | 2022 | | | | | $ | 675,000 | | | | | | — | | | | | $ | 2,516,370 | | | | | $ | 1,350,000 | | | | | | — | | | | | $ | 18,300 | | | | | $ | 4,559,670 | | |
| | | 2021 | | | | | $ | 661,635 | | | | | $ | 113,333 | | | | | $ | 3,686,009 | | | | | $ | 1,124,911 | | | | | | — | | | | | $ | 38,715 | | | | | $ | 5,624,603 | | | ||
| | | 2020 | | | | | $ | 625,408 | | | | | $ | 113,333 | | | | | $ | 1,308,294 | | | | | $ | 346,285 | | | | | $ | 77,077 | | | | | $ | 41,214 | | | | | $ | 2,511,612 | | | ||
Rosemary L. Klein.
Senior Vice President-Law, General Counsel and Corporate Secretary |
| | | | 2022 | | | | | $ | 441,452 | | | | | | — | | | | | $ | 1,482,618 | | | | | $ | 618,032 | | | | | | — | | | | | $ | 18,300 | | | | | $ | 2,560,402 | | |
| | | 2021 | | | | | $ | 426,981 | | | | | | — | | | | | $ | 1,969,521 | | | | | $ | 508,163 | | | | | | — | | | | | $ | 15,581 | | | | | $ | 2,920,246 | | | ||
| | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | | | |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards(2) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
Grant
Date Fair Value of Stock and Option Awards(3) |
| ||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |||||||||||||||||||||||||||||||||
John W. Eaves
|
| | | | 02/10/2022 | | | | | $ | 204,505 | | | | | $ | 629,246 | | | | | $ | 1,258,492 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 02/10/2022(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,400 | | | | | $ | 587,142 | | |
| | | | | 02/10/2022(5) | | | | | | | | | | | | | | | | | | | | | | | | 2,700 | | | | | | 5,400 | | | | | | 10,800 | | | | | | | | | | | $ | 881,874 | | |
Paul A. Lang
|
| | | | 02/10/2022 | | | | | $ | 388,886 | | | | | $ | 1,196,572 | | | | | $ | 2,393,144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 02/10/2022(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,150 | | | | | $ | 1,755,990 | | |
| | | | | 02/10/2022(5) | | | | | | | | | | | | | | | | | | | | | | | | 8,075 | | | | | | 16,150 | | | | | | 32,300 | | | | | | | | | | | $ | 2,637,457 | | |
Matthew C. Giljum
|
| | | | 02/10/2022 | | | | | $ | 134,189 | | | | | $ | 412,890 | | | | | $ | 825,780 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 02/10/2022(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,950 | | | | | $ | 646,944 | | |
| | | | | 02/10/2022(5) | | | | | | | | | | | | | | | | | | | | | | | | 2,975 | | | | | | 5,950 | | | | | | 11,900 | | | | | | | | | | | $ | 971,695 | | |
John T. Drexler
|
| | | | 02/10/2022 | | | | | $ | 219,375 | | | | | $ | 675,000 | | | | | $ | 1,350,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 02/10/2022(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,250 | | | | | $ | 1,005,753 | | |
| | | | | 02/10/2022(5) | | | | | | | | | | | | | | | | | | | | | | | | 4,625 | | | | | | 9,250 | | | | | | 18,500 | | | | | | | | | | | $ | 1,510,618 | | |
Rosemary L. Klein
|
| | | | 02/10/2022 | | | | | $ | 100,430 | | | | | $ | 309,016 | | | | | $ | 618,032 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 02/10/2022(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,450 | | | | | $ | 592,579 | | |
| | | | | 02/10/2022(5) | | | | | | | | | | | | | | | | | | | | | | | | 2,725 | | | | | | 5,450 | | | | | | 10,900 | | | | | | | | | | | $ | 890,040 | | |
| | |
Stock Awards
|
| |||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |||||||||||||||
John W. Eaves
|
| | | | 02/27/2020 | | | | | | 12,367(2) | | | | | $ | 1,765,884 | | | | | | 37,100(3) | | | | | $ | 5,297,509 | | |
| | | | | 02/27/2020 | | | | | | — | | | | | | — | | | | | | 37,100(4) | | | | | $ | 5,297,509 | | |
| | | | | 02/25/2021 | | | | | | 7,167(5) | | | | | $ | 1,023,376 | | | | | | 10,750(6) | | | | | $ | 1,534,993 | | |
| | | | | 02/25/2021 | | | | | | — | | | | | | — | | | | | | 10,750(7) | | | | | $ | 1,534,993 | | |
| | | | | 10/13/2021 | | | | | | 10,100(8) | | | | | $ | 1,442,179 | | | | | | — | | | | | | — | | |
| | | | | 02/10/2022 | | | | | | 5,400(10) | | | | | $ | 771,066 | | | | | | 10,800(11) | | | | | $ | 1,542,132 | | |
Paul A. Lang
|
| | | | 02/27/2020 | | | | | | 7,500(2) | | | | | $ | 1,070,925 | | | | | | 22,500(3) | | | | | $ | 3,212,775 | | |
| | | | | 02/27/2020 | | | | | | — | | | | | | — | | | | | | 22,500(4) | | | | | $ | 3,212,775 | | |
| | | | | 04/30/2020 | | | | | | 2,584(2) | | | | | $ | 368,969 | | | | | | 7,752(3) | | | | | $ | 1,106,908 | | |
| | | | | 04/30/2020 | | | | | | — | | | | | | — | | | | | | 7,752(4) | | | | | $ | 1,106,908 | | |
| | | | | 02/25/2021 | | | | | | 20,300(5) | | | | | $ | 2,898,637 | | | | | | 30,450(6) | | | | | $ | 4,347,956 | | |
| | | | | 02/25/2021 | | | | | | — | | | | | | — | | | | | | 30,450(7) | | | | | $ | 4,347,956 | | |
| | | | | 10/13/2021 | | | | | | 15,150(8) | | | | | $ | 2,163,269 | | | | | | — | | | | | | — | | |
| | | | | 02/10/2022 | | | | | | 16,150(10) | | | | | $ | 2,306,059 | | | | | | 32,300(11) | | | | | $ | 4,612,117 | | |
Matthew C. Giljum
|
| | | | 02/27/2020 | | | | | | 650(2) | | | | | $ | 92,814 | | | | | | 1,950(3) | | | | | $ | 278,441 | | |
| | | | | 02/27/2020 | | | | | | — | | | | | | — | | | | | | 1,950(4) | | | | | $ | 278,441 | | |
| | | | | 04/30/2020 | | | | | | 2,737(2) | | | | | $ | 390,816 | | | | | | 8,210(3) | | | | | $ | 1,172,306 | | |
| | | | | 04/30/2020 | | | | | | — | | | | | | — | | | | | | 8,210(4) | | | | | $ | 1,172,306 | | |
| | | | | 02/25/2021 | | | | | | 7,467(5) | | | | | $ | 1,066,213 | | | | | | 11,200(6) | | | | | $ | 1,599,248 | | |
| | | | | 02/25/2021 | | | | | | — | | | | | | — | | | | | | 11,200(7) | | | | | $ | 1,599,248 | | |
| | | | | 10/13/2021 | | | | | | 2,525(8) | | | | | $ | 360,545 | | | | | | — | | | | | | — | | |
| | | | | 10/13/2021 | | | | | | 5,050(9) | | | | | $ | 721,090 | | | | | | — | | | | | | — | | |
| | | | | 02/10/2022 | | | | | | 5,950(10) | | | | | $ | 849,601 | | | | | | 11,900(11) | | | | | $ | 1,699,201 | | |
John T. Drexler
|
| | | | 02/27/2020 | | | | | | 5,450(2) | | | | | $ | 778,206 | | | | | | 16,350(3) | | | | | $ | 2,334,617 | | |
| | | | | 02/27/2020 | | | | | | — | | | | | | — | | | | | | 16,350(4) | | | | | $ | 2,334,617 | | |
| | | | | 04/30/2020 | | | | | | 601(2) | | | | | $ | 85,817 | | | | | | 1,802(3) | | | | | $ | 257,308 | | |
| | | | | 04/30/2020 | | | | | | — | | | | | | — | | | | | | 1,802(4) | | | | | $ | 257,308 | | |
| | | | | 02/25/2021 | | | | | | 11,867(5) | | | | | $ | 1,694,489 | | | | | | 17,800(6) | | | | | $ | 2,541,662 | | |
| | | | | 02/25/2021 | | | | | | — | | | | | | — | | | | | | 17,800(7) | | | | | $ | 2,541,662 | | |
| | | | | 10/13/2021 | | | | | | 4,418(8) | | | | | $ | 630,846 | | | | | | — | | | | | | — | | |
| | | | | 10/13/2021 | | | | | | 8,837(9) | | | | | $ | 1,261,835 | | | | | | — | | | | | | — | | |
| | | | | 02/10/2022 | | | | | | 9,250(10) | | | | | $ | 1,320,808 | | | | | | 18,500(11) | | | | | $ | 2,641,615 | | |
| | |
Stock Awards
|
| |||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |||||||||||||||
Rosemary L. Klein
|
| | | | 02/27/2020 | | | | | | 550(2) | | | | | $ | 78,535 | | | | | | 1,650(3) | | | | | $ | 235,604 | | |
| | | | | 02/27/2020 | | | | | | — | | | | | | — | | | | | | 1,650(4) | | | | | $ | 235,604 | | |
| | | | | 02/25/2021 | | | | | | 10,234(5) | | | | | $ | 1,461,313 | | | | | | 15,350(6) | | | | | $ | 2,191,827 | | |
| | | | | 02/25/2021 | | | | | | — | | | | | | — | | | | | | 15,350(7) | | | | | $ | 2,191,827 | | |
| | | | | 10/13/2021 | | | | | | 378(8) | | | | | $ | 53,975 | | | | | | — | | | | | | — | | |
| | | | | 10/13/2021 | | | | | | 2,272(9) | | | | | $ | 324,419 | | | | | | — | | | | | | — | | |
| | | | | 02/10/2022 | | | | | | 5,450(10) | | | | | $ | 778,206 | | | | | | 10,900(11) | | | | | $ | 1,556,411 | | |
| | |
Stock Awards
|
| |||||||||
Name
|
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(1) |
| ||||||
John W. Eaves
|
| | | | 26,049 | | | | | $ | 3,408,570 | | |
Paul A. Lang
|
| | | | 35,384 | | | | | $ | 4,677,688 | | |
Matthew C. Giljum
|
| | | | 9,644 | | | | | $ | 1,218,078 | | |
John T. Drexler
|
| | | | 16,402 | | | | | $ | 2,076,228 | | |
Rosemary L. Klein.
|
| | | | 6,045 | | | | | $ | 719,835 | | |
Name
|
| |
Plan Name
|
| |
Number of
Years Credited Service (#)(1) |
| |
Present Value of
Accumulated Benefit ($)(2) |
| |
Payments
During Last Fiscal Year ($) |
| |||||||||
John W. Eaves
|
| |
Arch Resources, Inc. Retirement Account Plan
|
| | | | — | | | | | | — | | | | | | — | | |
Paul A. Lang
|
| |
Arch Resources, Inc. Retirement Account Plan
|
| | | | 38 | | | | | $ | 1,243,531 | | | | | $ | 0 | | |
Matthew C. Giljum
|
| |
Arch Resources, Inc. Retirement Account Plan
|
| | | | 18 | | | | | $ | 173,025 | | | | | $ | 0 | | |
John T. Drexler
|
| |
Arch Resources, Inc. Retirement Account Plan
|
| | | | 25 | | | | | $ | 402,842 | | | | | $ | 0 | | |
Rosemary L. Klein
|
| |
Arch Resources, Inc. Retirement Account Plan
|
| | | | — | | | | | | — | | | | | | — | | |
| | |
John W. Eaves
|
| |
Paul A. Lang
|
| |
Matthew C.
Giljum |
| |
John T. Drexler
|
| |
Rosemary L. Klein
|
| |||||||||||||||
Cash payments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | $ | 3,308,492 | | | | | $ | 4,393,144 | | | | | $ | 1,325,780 | | | | | $ | 2,025,000 | | | | | $ | 1,068,032 | | |
Healthcare coverage
|
| | | $ | 31,644 | | | | | $ | 45,648 | | | | | $ | 30,432 | | | | | $ | 30,432 | | | | | $ | 18,228 | | |
Life insurance premiums
|
| | | $ | 75,120 | | | | | $ | 75,120 | | | | | $ | 13,380 | | | | | $ | 13,380 | | | | | $ | 20,496 | | |
Incentive awards(1)
|
| | | $ | 629,246 | | | | | $ | 1,196,572 | | | | | $ | 412,890 | | | | | $ | 675,000 | | | | | $ | 309,016 | | |
Retirement benefits
|
| | | $ | 440,765 | | | | | $ | 857,717 | | | | | $ | 166,102 | | | | | $ | 257,154 | | | | | $ | 27,000 | | |
Financial counseling and outplacement services
|
| | | $ | 30,000 | | | | | $ | 30,000 | | | | | $ | 20,000 | | | | | $ | 20,000 | | | | | $ | 20,000 | | |
Accrued salary and accrued vacation
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Acceleration of equity awards:(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restricted stock units (time-based)
|
| | | $ | 2,429,429 | | | | | $ | 3,604,591 | | | | | $ | 1,338,513 | | | | | $ | 2,235,235 | | | | | $ | 995,675 | | |
Restricted stock units (performance-based)
|
| | | $ | 7,190,048 | | | | | $ | 14,921,555 | | | | | $ | 5,226,685 | | | | | $ | 8,831,847 | | | | | $ | 3,610,874 | | |
Total
|
| | | $ | 14,134,744 | | | | | $ | 25,124,347 | | | | | $ | 8,533,783 | | | | | $ | 14,088,048 | | | | | $ | 6,069,321 | | |
| | |
John W. Eaves
|
| |
Paul A. Lang
|
| |
Matthew C. Giljum
|
| |
John T. Drexler
|
| |
Rosemary L. Klein
|
| |||||||||||||||
Cash payments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | $ | 6,850,476 | | | | | $ | 10,179,432 | | | | | $ | 2,651,560 | | | | | $ | 4,050,000 | | | | | $ | 2,136,064 | | |
Healthcare coverage
|
| | | $ | 31,644 | | | | | $ | 45,648 | | | | | $ | 45,648 | | | | | $ | 45,648 | | | | | $ | 27,342 | | |
Life insurance premiums
|
| | | $ | 112,680 | | | | | $ | 112,680 | | | | | $ | 26,760 | | | | | $ | 26,760 | | | | | $ | 40,992 | | |
Incentive awards(1)
|
| | | $ | 629,246 | | | | | $ | 1,196,572 | | | | | $ | 412,890 | | | | | $ | 675,000 | | | | | $ | 309,016 | | |
Retirement benefits
|
| | | $ | 644,102 | | | | | $ | 1,246,072 | | | | | $ | 297,911 | | | | | $ | 469,516 | | | | | $ | 54,000 | | |
Financial counseling and outplacement services
|
| | | $ | 40,000 | | | | | $ | 40,000 | | | | | $ | 30,000 | | | | | $ | 30,000 | | | | | $ | 30,000 | | |
Accrued salary and accrued vacation
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Acceleration of equity awards: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restricted stock units (time-based)
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Restricted stock units (performance-based)
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Total
|
| | | $ | 8,308,148 | | | | | $ | 12,820,404 | | | | | $ | 3,464,769 | | | | | $ | 5,296,924 | | | | | $ | 2,597,414 | | |
| | |
John W. Eaves
|
| |
Paul A. Lang
|
| |
Matthew C. Giljum
|
| |
John T. Drexler
|
| |
Rosemary L. Klein
|
| |||||||||||||||
Cash payments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Healthcare coverage
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Life insurance premiums
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Incentive awards(1)
|
| | | $ | 629,246 | | | | | $ | 1,196,572 | | | | | $ | 412,890 | | | | | $ | 675,000 | | | | | $ | 309,016 | | |
Retirement benefits
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Financial counseling and outplacement services
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Accrued salary and accrued vacation
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Acceleration of equity awards:(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restricted stock units (time-based)
|
| | | $ | 5,002,505 | | | | | $ | 8,807,858 | | | | | $ | 3,481,077 | | | | | $ | 5,772,000 | | | | | $ | 2,696,446 | | |
Restricted stock units (performance-based)
|
| | | $ | 15,207,135 | | | | | $ | 21,947,394 | | | | | $ | 7,799,190 | | | | | $ | 12,908,787 | | | | | $ | 6,411,271 | | |
Total
|
| | | $ | 20,838,886 | | | | | $ | 31,951,825 | | | | | $ | 11,693,157 | | | | | $ | 19,355,788 | | | | | $ | 9,416,733 | | |
| | |
John W. Eaves
|
| |
Paul A. Lang
|
| |
Matthew C. Giljum(1)
|
| |
John T. Drexler(1)
|
| |
Rosemary L. Klein
|
| |||||||||||||||
Cash payments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Healthcare coverage
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Life insurance premiums
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Incentive awards(2)
|
| | | $ | 629,246 | | | | | $ | 1,196,572 | | | | | $ | 412,890 | | | | | $ | 675,000 | | | | | $ | 309,016 | | |
Retirement benefits
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Financial counseling and outplacement services
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Accrued salary and accrued vacation
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Acceleration of equity awards:(3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restricted stock units (time-based)
|
| | | $ | 5,002,505 | | | | | $ | 3,604,591 | | | | | $ | 885,726 | | | | | $ | 2,235,235 | | | | | $ | 995,675 | | |
Restricted stock units (performance-based)
|
| | | $ | 15,207,135 | | | | | $ | 14,921,555 | | | | | $ | 5,226,685 | | | | | $ | 8,831,847 | | | | | $ | 3,610,874 | | |
Total
|
| | | $ | 20,838,886 | | | | | $ | 19,722,718 | | | | | $ | 6,525,302 | | | | | $ | 11,742,081 | | | | | $ | 4,915,564 | | |
| | |
John W. Eaves
|
| |
Paul A. Lang
|
| |
Matthew C. Giljum
|
| |
John T. Drexler
|
| |
Rosemary L. Klein
|
| |||||||||||||||
Cash payments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Healthcare coverage
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Life insurance premiums
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Incentive awards(1)
|
| | | $ | 629,246 | | | | | $ | 1,196,572 | | | | | $ | 412,890 | | | | | $ | 675,000 | | | | | $ | 309,016 | | |
Retirement benefits
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Financial counseling and outplacement services
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Accrued salary and accrued vacation
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Acceleration of equity awards:(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Restricted stock units (time-based)
|
| | | $ | 5,002,505 | | | | | $ | 8,807,858 | | | | | $ | 3,481,077 | | | | | $ | 5,772,000 | | | | | $ | 2,696,446 | | |
Restricted stock units (performance-based)
|
| | | $ | 7,603,568 | | | | | $ | 10,973,697 | | | | | $ | 3,899,595 | | | | | $ | 6,454,394 | | | | | $ | 3,205,636 | | |
Total
|
| | | $ | 13,235,319 | | | | | $ | 20,978,128 | | | | | $ | 7,793,562 | | | | | $ | 12,901,394 | | | | | $ | 6,211,098 | | |
(a) | | | (b) | | | (b) | | | (c) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | | (h) | | | (i) | | ||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based on: | | | | | | | | | | | | | | |||||||||
Year | | | Summary Compensation Table Total for Mr. Lang ($)(1) | | | Summary Compensation Table Total for Mr. Eaves ($)(1) | | | Compensation Actually Paid to Mr. Lang ($)(2) | | | Compensation Actually Paid to Mr. Eaves ($)(2) | | | Average Summary Compensation Table Total for Non-CEO NEOs ($)(1) | | | Average Compensation Actually Paid to Non-CEO NEOs ($)(1)(2) | | | Total Shareholder Return ($) | | | S&P Metals & Mining Select Industry Index Total Shareholder Return ($)(3) | | | Net Income (millions) | | | EBITDA (millions)(4) | | ||||||||||||||||||||||||||||||
2022 | | | | $ | | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
2021 | | | | $ | | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
2020 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | |
|
Year
|
| |
CEO(s)
|
| |
Non-CEO NEOs
|
|
| 2022 | | | Paul Lang | | | John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein | |
| 2021 | | | Paul Lang | | | John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein | |
| 2020 | | | Paul Lang and John Eaves |
| | Matthew Giljum, John Drexler, John Ziegler, and Robert Jones | |
| | | 2020 | | | 2021 | | | 2022 | | |||||||||||||||||||||||||||||||||
Adjustments | | | Mr. Lang | | | Mr. Eaves | | | Average non- CEO NEOs | | | Mr. Lang | | | Average non- CEO NEOs | | | Mr. Lang | | | Average non- CEO NEOs | | |||||||||||||||||||||
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | |
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | |||||||
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | ||
Increase based on Dividend Equivalents Paid upon Vesting during Applicable FY prior to Vesting Date(*) | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | |||||||
Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY | | | | $ | ( | | | | | $ | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | ||||
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | |||||
TOTAL ADJUSTMENTS | | | | $ | ( | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | |
Position
|
| |
Annual Cash
Retainer(1)(4) |
| |
Annual Equity
Grant(2)(3)(4) |
| ||||||
Lead Independent Director
|
| | | $ | 175,000 | | | | | $ | 215,000 | | |
Other Non-Employee Directors
|
| | | $ | 125,000 | | | | | $ | 150,000 | | |
Audit Committee — Chair
|
| | | $ | 25,000 | | | | | | | | |
Audit Committee — Member
|
| | | $ | 15,000 | | | | | | | | |
Personnel and Compensation Committee — Chair
|
| | | $ | 15,000 | | | | | | | | |
Personnel and Compensation Committee — Member
|
| | | $ | 10,000 | | | | | | | | |
Environmental, Social, Governance and Nominating Committee — Chair
|
| | | $ | 15,000 | | | | | | | | |
Environmental, Social, Governance and Nominating Committee — Member
|
| | | $ | 10,000 | | | | | | | | |
Name
|
| |
Fees Earned
or Paid in Cash ($)(1) |
| |
Stock
Awards ($)(2) |
| |
Total ($)
|
| |||||||||
James N. Chapman
|
| | | $ | 195,000 | | | | | $ | 215,000 | | | | | $ | 410,000 | | |
Patrick J. Bartels, Jr.
|
| | | $ | 125,416 | | | | | $ | 140,000 | | | | | $ | 265,416 | | |
Holly Keller Koeppel
|
| | | $ | 135,419 | | | | | $ | 140,000 | | | | | $ | 275,419 | | |
Patrick A. Kriegshauser
|
| | | $ | 135,419 | | | | | $ | 140,000 | | | | | $ | 275,419 | | |
Richard A. Navarre
|
| | | $ | 135,419 | | | | | $ | 140,000 | | | | | $ | 275,419 | | |
Molly P. Zhang
|
| | | $ | 125,416 | | | | | $ | 161,096(3) | | | | | $ | 286,512 | | |
Plan category
|
| |
Number of securities
to be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security
holders |
| | | | 2,141,336(1) | | | | | $ | 0 | | | | | | 1,433,635(2) | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | $ | 0 | | | | | | — | | |
Total
|
| | | | 2,141,336 | | | | | $ | 0 | | | | | | 1,433,635 | | |
Name of Beneficial Owner
|
| |
Number of
Actual Shares Owned Directly or Indirectly(1) |
| |
Options
Exercisable Within 60 Days or RSUs that vest within 60 days |
| |
Amount
and Nature of Beneficial Ownership |
| |
Percent
of Class |
| |
Other
Stock-Based Items(2) |
| |
Total
Stock-Based Ownership |
| ||||||||||||||||||
John W. Eaves, Executive Chair and
Director |
| | | | 187,088 | | | | | | — | | | | | | 187,088 | | | | | | 1.4% | | | | | | 63,884 | | | | | | 250,972 | | |
James N. Chapman, Lead Independent Director
|
| | | | 19,224 | | | | | | — | | | | | | 19,224 | | | | | | 0% | | | | | | 1,500 | | | | | | 20,724 | | |
Patrick J. Bartels, Jr., Director(3)
|
| | | | 13,400 | | | | | | — | | | | | | 13,400 | | | | | | 0% | | | | | | 1,050 | | | | | | 14,450 | | |
Holly Keller Koeppel, Director
|
| | | | 11,222 | | | | | | — | | | | | | 11,222 | | | | | | 0% | | | | | | 1,050 | | | | | | 12,272 | | |
Patrick A. Kriegshauser, Director
|
| | | | 14,175 | | | | | | — | | | | | | 14,175 | | | | | | 0% | | | | | | 1,050 | | | | | | 15,225 | | |
Richard A. Navarre, Director
|
| | | | 13,459 | | | | | | — | | | | | | 13,459 | | | | | | 0% | | | | | | 1,050 | | | | | | 14,509 | | |
Molly P. Zhang, Director
|
| | | | 1,949 | | | | | | — | | | | | | 1,949 | | | | | | 0% | | | | | | 1,050 | | | | | | 2,999 | | |
Paul A. Lang, President and Chief Executive Officer and Director
|
| | | | 132,372 | | | | | | — | | | | | | 132,372 | | | | | | 1.7% | | | | | | 167,567 | | | | | | 299,939 | | |
John T. Drexler, Senior Vice President and Chief Operating Officer
|
| | | | 80,632 | | | | | | — | | | | | | 80,632 | | | | | | 1.0% | | | | | | 99,856 | | | | | | 180,488 | | |
Matthew C. Giljum, Senior Vice President
and Chief Financial Officer |
| | | | 24,193 | | | | | | — | | | | | | 24,193 | | | | | | 0% | | | | | | 63,326 | | | | | | 87,519 | | |
Rosemary L. Klein, Senior Vice President — Law, General Counsel and Corporate Secretary
|
| | | | 9,548 | | | | | | — | | | | | | 9,548 | | | | | | 0% | | | | | | 65,401 | | | | | | 74,949 | | |
All of our directors and executive officers as a group (14 persons)
|
| | | | 567,713 | | | | | | — | | | | | | 567,713 | | | | | | 5.4% | | | | | | 395,644 | | | | | | 963,357 | | |
Name and Address of Beneficial Owner
|
| |
Amount and Nature of
Beneficial Ownership |
| |
Percent
of Class(1) |
| ||||||
The Vanguard Group(2)
100 Vanguard Blvd. Malvern, PA 19355 |
| | | | 1,826,781 | | | | | | 10.44% | | |
FMR LLC(3)
245 Summer Street Boston, MA 02210 |
| | | | 1,354,906 | | | | | | 7.74% | | |
GQG Partners, LLC(4)
450 E. Las Olas Blvd. Suite 750 Fort Lauderdale, FL 33301 |
| | | | 1,084,934 | | | | | | 6.2% | | |
BlackRock, Inc.(5)
55 East 52nd Street New York, NY 10055 |
| | | | 1,040,586 | | | | | | 5.95% | | |
State Street Corporation(6)
State Street Financial Center One Lincoln Street Boston, MA 02111 |
| | | | 914,237 | | | | | | 5.23% | | |
(In thousands)
|
| |
Year Ended
12/31/22 |
| |
Year Ended
12/31/21 |
| |
Year Ended
12/31/20 |
| |
Year Ended
12/31/19 |
| |
Year Ended
12/31/18 |
| |
Year Ended
12/31/17 |
| |
Period from
10/2/16 - 12/31/16 |
| |||||||||||||||||||||
Net income (loss)
|
| | | $ | 1,330,914 | | | | | $ | 337,573 | | | | | $ | (344,615) | | | | | $ | 233,799 | | | | | $ | 312,577 | | | | | $ | 238,450 | | | | | $ | 33,449 | | |
Income tax (benefit) provision
|
| | | | (251,926) | | | | | | 1,874 | | | | | | (7) | | | | | | 248 | | | | | | (52,476) | | | | | | (35,255) | | | | | | 1,156 | | |
Interest expense, net
|
| | | | 13,162 | | | | | | 23,344 | | | | | | 10,624 | | | | | | 6,794 | | | | | | 13,689 | | | | | | 24,256 | | | | | | 10,754 | | |
Depreciation, depletion and amortization
|
| | | | 133,300 | | | | | | 120,327 | | | | | | 121,552 | | | | | | 111,621 | | | | | | 130,670 | | | | | | 176,449 | | | | | | 33,401 | | |
Accretion on asset retirement obligations
|
| | | | 17,721 | | | | | | 21,748 | | | | | | 19,887 | | | | | | 20,548 | | | | | | 27,970 | | | | | | 30,209 | | | | | | 7,633 | | |
Asset Impairment and restructuring
|
| | | | — | | | | | | — | | | | | | 221,380 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Gain on property insurance recovery related to Mountain Laurel
longwall |
| | | | — | | | | | | — | | | | | | (23,518) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Loss (Gain) on divestitures
|
| | | | — | | | | | | 24,225 | | | | | | (1,505) | | | | | | 13,312 | | | | | | — | | | | | | (21,297) | | | | | | — | | |
Net loss resulting from early retirement
of debt and debt restructuring |
| | | | 14,420 | | | | | | — | | | | | | — | | | | | | — | | | | | | 485 | | | | | | 2,547 | | | | | | — | | |
Non-service related postretirement benefit costs
|
| | | | 2,841 | | | | | | 4,339 | | | | | | 3,884 | | | | | | 2,053 | | | | | | 3,202 | | | | | | 1,940 | | | | | | (32) | | |
Reorganization items, net
|
| | | | — | | | | | | — | | | | | | (26) | | | | | | (24) | | | | | | 1,661 | | | | | | 2,398 | | | | | | 759 | | |
Costs associated with proposed joint venture with Peabody Energy
|
| | | | — | | | | | | — | | | | | | 16,087 | | | | | | 13,816 | | | | | | — | | | | | | — | | | | | | — | | |
Preference Rights Lease Application settlement income
|
| | | | — | | | | | | — | | | | | | — | | | | | | (39,000) | | | | | | — | | | | | | — | | | | | | — | | |
Fresh start coal inventory fair value adjustment
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,345 | | |
Adjusted EBITDA
|
| | | | 1,260,432 | | | | | | 533,430 | | | | | | 23,743 | | | | | | 363,167 | | | | | | 437,778 | | | | | | 419,697 | | | | | | 94,465 | | |
(In thousands)
|
| |
Year Ended
12/31/22 |
| |
Year Ended
12/31/21 |
| |
Year Ended
12/31/20 |
| |
Year Ended
12/31/19 |
| |
Year Ended
12/31/18 |
| |
Year Ended
12/31/17 |
| |
Period from
10/2/16 - 12/31/16 |
| |||||||||||||||||||||
EBITDA from idled or otherwise disposed operations
|
| | | | (828) | | | | | | 2,469 | | | | | | 15,858 | | | | | | 12,926 | | | | | | 2,492 | | | | | | 3,253 | | | | | | 1,596 | | |
Selling, general and administrative expenses
|
| | | | 105,355 | | | | | | 92,342 | | | | | | 82,397 | | | | | | 95,781 | | | | | | 100,300 | | | | | | 87,952 | | | | | | 23,193 | | |
Other
|
| | | | 10,857 | | | | | | (9,702) | | | | | | 3,359 | | | | | | (14,488) | | | | | | 4,099 | | | | | | (6,398) | | | | | | (1,511) | | |
Reported segment Adjusted EBITDA from coal operations
|
| | | $ | 1,375,816 | | | | | $ | 618,539 | | | | | $ | 125,357 | | | | | $ | 457,386 | | | | | $ | 544,669 | | | | | $ | 504,504 | | | | | $ | 117,743 | | |
|
Segment Adjusted EBITDA
|
| |
MET
|
| |
Thermal
|
| |
Corporate
and Other |
| |
Consolidated
|
| ||||||||||||
(In Thousands)
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Year Ended December 31, 2022
|
| | | $ | 1,021,932 | | | | | $ | 353,884 | | | | | $ | (115,384) | | | | | $ | 1,260,432 | | |
Year Ended December 31, 2021
|
| | | | 442,830 | | | | | | 175,709 | | | | | | (85,109) | | | | | | 533,430 | | |
Year Ended December 31, 2020
|
| | | | 91,322 | | | | | | 34,035 | | | | | | (101,614) | | | | | | 23,743 | | |
Year Ended December 31, 2019
|
| | | | 305,363 | | | | | | 152,023 | | | | | | (94,219) | | | | | | 363,167 | | |
Year Ended December 31, 2018
|
| | | | 349,524 | | | | | | 195,145 | | | | | | (106,891) | | | | | | 437,778 | | |
Year Ended December 31, 2017
|
| | | | 243,616 | | | | | | 260,888 | | | | | | (84,807) | | | | | | 419,697 | | |
October 2 through December 31, 2016
|
| | | | 30,819 | | | | | | 86,924 | | | | | | (23,278) | | | | | | 94,465 | | |
Since Emergence
|
| | | $ | 2,485,406 | | | | | $ | 1,258,608 | | | | | $ | (611,302) | | | | | $ | 3,132,712 | | |
| | |
Twelve Months Ended
December 31, 2022 |
| |||
| | |
(Unaudited)
|
| |||
Free Cash Flow
|
| | | | | | |
Cash provided by operating activities
|
| | | $ | 1,209,540 | | |
Less: Capital expenditures
|
| | | | (172,728) | | |
Less: Minimum royalty payments
|
| | | | (1,069) | | |
Free Cash Flow
|
| | | $ | 1,035,743 | | |