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SEC Filings

ARCH COAL INC filed this Form DEF 14A on 03/18/2019
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Amounts represent the number of shares underlying the time-based RSU awards, which are scheduled to vest on October 25, 2021.

Amounts represent the number of shares underlying the performance-based RSU awards (assuming threshold attainment of the performance goal), which are scheduled to vest based on the level of attainment of the performance goal during the three-year performance period ending on October 25, 2021.

Amounts represent the retention RSU awards that are scheduled to vest as to 20% on October 25, 2019, 30% on October 25, 2020, and 50% on October 25, 2021.

Option Exercises and Stock Vested for the Year Ended December 31, 2018

        The following table shows information relating to the value realized by our NEOs as a result of the vesting of their restricted stock unit awards during 2018. Our NEOs did not exercise any stock options in 2018.

  Stock Awards  
  Number of
Acquired on
Vesting (#)
  Value Realized
on Vesting

John W. Eaves

    19,000   $ 1,560,280  

John T. Drexler

    6,000   $ 492,720  

Paul A. Lang

    10,000   $ 821,200  

John A. Ziegler, Jr. 

    3,500   $ 287,420  

Robert G. Jones

    3,500   $ 287,420  

Amounts shown represent the value realized upon vesting of outstanding stock awards calculated by multiplying the number of shares that vested by the fair market value of our common stock on the date of vesting. None of the vested shares were sold or otherwise divested except as needed to net settle shares to pay taxes. The retained shares have vested but will not settle and be issued to the NEOs until the completion of the three-year period on November 23, 2019.

Pension Benefits

        Defined Benefit Pension Plan.    We sponsor a defined benefit pension plan covering all of our eligible employees, including our NEOs. We froze our pension plan on December 31, 2014. No participants earn any service credit after such date. Under the plan, a cash balance account was established for each participant. Participants become vested in their cash balance accounts after serving three years with us. Upon retirement or upon termination of employment following three years of service with us, participants or their beneficiaries may elect to receive benefits in a lump sum, in installments over a period of time or at a later date. Under the terms of the plan, normal retirement occurs on the first day of the month following the date a participant turns 65. We credit each participant's cash balance account with an interest amount based on the U.S. Treasury rate, subject to an annual minimum rate of 4.25%.

        Supplemental Retirement Plan.    We sponsor a supplemental retirement plan covering all of our eligible employees, including our NEOs, whose retirement benefits under our defined benefit pension plan are limited by the Internal Revenue Code. We froze our supplemental retirement plan on December 31, 2014. Subject to the limitations contained in the Code, benefits under the supplemental retirement plan will be paid six months after termination in a lump sum.


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