CEO of Coeur Mining (NYSE: CDE) has shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining, Inc. Chairman, President and CEO Mitchell J. Krebs reported a tax-related share disposition in company stock. On the reported date, 27,778 shares of common stock at $21.81 per share were withheld by the company to cover taxes due upon the vesting of restricted shares, rather than sold in the open market. Following this withholding, Krebs' directly held common stock position is 2,169,531 shares, which includes 452,107 unvested shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KREBS MITCHELL J
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 27,778 | $21.81 | $606K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 2,169,531 shares (Direct)
Footnotes (1)
- In accordance with the terms of the issuer's incentive compensation plan, these shares have been withheld by the issuer to pay tax due upon the vesting of restricted shares. Includes 452,107 unvested shares of restricted stock
FAQ
What did Coeur Mining (CDE) CEO report in this Form 4 filing?
The filing shows Coeur Mining CEO Mitchell J. Krebs had 27,778 shares withheld to cover taxes on vesting restricted stock at $21.81 per share. This was a tax-withholding disposition by the issuer, not an open-market sale of shares.
Was the Coeur Mining (CDE) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld by Coeur Mining under its incentive compensation plan to pay tax due on vesting restricted shares, a routine tax-withholding disposition rather than a discretionary sale into the market.
What does transaction code F mean in the Coeur Mining (CDE) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, Coeur Mining withheld 27,778 shares from the CEO to cover taxes on vesting restricted stock, consistent with the company’s incentive compensation plan provisions.