Glenn L. Kellow, born in 1962, is the former CEO of Peabody Energy Corporation, a leading player in the coal industry. He holds a Bachelor’s degree in Mining Engineering from the University of Queensland, which underlines his strong roots in...

Glenn L. Kellow, born in 1962, is the former CEO of Peabody Energy Corporation, a leading player in the coal industry. He holds a Bachelor’s degree in Mining Engineering from the University of Queensland, which underlines his strong roots in engineering and technical aspects of the energy sector. His tenure at Peabody started in May 2015 and ended in June 2021, during which he navigated the company through challenging times in the coal market. Kellow's compensation package peaked in 2017 at over $20 million, largely due to vested stock from the company's restructuring plan. Interestingly, he opted out of bonuses during difficult years, such as in 2020, showing a commitment to align with Peabody's long-term success over short-term gains. His leadership focused on safety and performance metrics, steering the company toward significant operational improvements. Kellow’s background and decisions reflect a blend of technical expertise and a solid grasp of business strategy in a changing industry landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Peabody Energy CEOs

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Glenn L. Kellow

Ex-CEO of Peabody Energy

Education

Bachelor of Commerce from the University of Newcastle and an MBA from the University of Wollongong

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

November 1, 1964 - 60 years ago

CEO of Peabody Energy for

6 years 0 months (May 2015 - Jun 2021)

Previous Experience

President of Peabody Energy Australia and Group Executive of BHP Billiton

Rivals

Competitors/colleagues of Glenn L. Kellow

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Walter J. Scheller, III

CEO of Warrior Met Coal

2022 Compensation

Stock

$7.04M

Salary

$781.15K

Bonus

$0.00

Other

$321.27K

Total Holdings

$16.67M

Holdings

See how much did Glenn L. Kellow make over time.

During his time at Peabody, Glenn Kellow saw significant fluctuations in his holdings. At peak points, like in 2017, his wealth was heavily tied to company stock, worth over $15 million at vested share value. However, he has also shown...

During his time at Peabody, Glenn Kellow saw significant fluctuations in his holdings. At peak points, like in 2017, his wealth was heavily tied to company stock, worth over $15 million at vested share value. However, he has also shown a tendency to forgo potential bonuses, leading to a lower total. For instance, in 2020, he voluntarily forfeited his incentive award amidst industry challenges. The value of his vested stocks has varied greatly due to company performance and market conditions, showing the ups and downs typical of the coal industry. Kellow's financial ties to Peabody reflect a deeper connection to the company’s health and its performance metrics.

Total Stock Sold

$219.37K

BTU

$219.37K

31,943 BTU shares

What if they kept their stock?

If Glenn L. Kellow didn't sell their stock, today they would have:
Extra BTU31,943 shares worth $106.69K.
This is -51.37% and $112.68K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Glenn L. Kellow.

BTU

$43.96K

BTU at $4.29/share

Feb 22, 2021

Sale

BTU

68,261 shares

BTU

Feb 18, 2021

Received

BTU

$10.55K

BTU at $3.69/share

Feb 9, 2021

Sale

BTU

$35.19K

BTU at $3.40/share

Jan 5, 2021

Sale

BTU

250,000 shares

BTU

Jan 2, 2021

Received

BTU

$24.40K

BTU at $8.22/share

Feb 12, 2020

Sale

BTU

$28.80K

BTU at $9.86/share

Jan 7, 2020

Sale

BTU

196,000 shares

BTU

Jan 2, 2020

Received

BTU

$51.34K

BTU at $9.68/share

Nov 29, 2019

Received

BTU

$50.94K

BTU at $18.53/share

Sep 11, 2019

Received

Compensation History

See how much did Glenn L. Kellow make over time.

Glenn Kellow's compensation at Peabody Energy varied significantly during his tenure. He earned about $8.75 million in total compensation in 2021, which included a base salary of $1.1 million and a one-time bonus. Notably, his compensation in 2017 was exceptional, exceeding $20 million, primarily due to vested stocks from a restructuring plan. Kellow's compensation reflected Peabody's focus on performance. He had to meet specific financial metrics like Free Cash Flow and Adjusted EBITDA to earn bonuses, emphasizing a pay-for-performance philosophy. His decision to forgo bonuses in 2020 showcases a more humble approach during challenging times for the industry. Overall, his compensation illustrates the ups and downs of leading a company in a volatile sector.

Year

2021

Total Compensation

$8.64M

Salary

$1.10M

Board Justification

Peabody's compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the company's financial performance and shareholder interests.

Bonus

$367.50K

Board Justification

One-time cash inducement payment as part of the Transition Agreement dated March 18, 2021.

Other

$5.04M

Board Justification

Includes consulting fees of $85,000 per month for 12 months following termination, and the value of vested RSUs and PSUs per the Transition Agreement.

Restricted Stock

$2.13M(389K RSUs)

Board Justification

RSUs that vested upon termination on June 1, 2021, at a share price of $7.41.

Performance Metrics

The performance metrics for the CEO's compensation included Adjusted EBITDA and Free Cash Flow.

Other Peabody Energy CEOs

Here are other CEOs of Peabody Energy

James C. Grech

CEO of Peabody Energy

June 2021 - Present