Tax withholding trims Coeur Mining (NYSE: CDE) VP’s reported shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining, Inc. executive Kenneth J. Watkinson, VP, Corporate Controller & CAO, reported a tax-related share withholding. On the vesting of restricted stock, the issuer withheld 3,122 shares of common stock at $21.81 per share to cover tax liabilities under its incentive compensation plan.
After this tax-withholding disposition, Watkinson directly owns 117,884 shares of Coeur Mining common stock, which includes 71,671 unvested restricted shares. In addition, his spouse indirectly holds 1,000 shares reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Watkinson Kenneth J
Role
VP, Corporate Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 3,122 | $21.81 | $68K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 117,884 shares (Direct);
Common Stock, par value $0.01 per share — 1,000 shares (Indirect, By spouse)
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 71,671 unvested shares of restricted stock.
FAQ
What insider transaction did Coeur Mining (CDE) report for Kenneth J. Watkinson?
Kenneth J. Watkinson reported a tax-withholding disposition of shares. The issuer withheld 3,122 common shares at $21.81 each to pay taxes due upon the vesting of restricted stock granted under its incentive compensation plan.
Did the Coeur Mining (CDE) Form 4 show an open-market sale by the executive?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations triggered when restricted stock vested, consistent with the company’s incentive compensation plan terms.
What portion of Kenneth J. Watkinson’s Coeur Mining (CDE) holdings are unvested restricted stock?
The filing notes that his direct holdings include 71,671 unvested restricted shares. These shares are part of Coeur Mining’s incentive compensation plan and remain subject to vesting conditions before they become fully unrestricted common stock.