Peabody Energy Amends Employment Agreement with EVP & COO Darren Yeates

PEABODY ENERGY CORP

Amendment signed Dec 27, 2024, extends employment term through Jan 31, 2027.
Severance payment equals 1.5x base salary and Reference Bonus, plus Pro Rata Bonus.
Payment multiplier increases to 2x if termination occurs within 2 years after a Change in Control.
Responsibilities change after closing of Anglo American Australia mine acquisition or Oct 31, 2025.
New agreement replaces prior contract dated Oct 22, 2020; Yeates continues as EVP and COO.

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