Arch Coal president and COO John W. Eaves exercises options for 20,000 of stock
The president and chief operating officer of Arch Coal Inc. exercised options for and then sold 20,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filing with the SEC, John W. Eaves reported he exercised the options for $5.34 apiece, and sold the shares for $62.16 apiece Tuesday.
Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.
Arch Coal is based in St. Louis.