Coeur Mining (CDE) COO awarded shares, with some withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining EVP & Chief Operating Officer Michael Routledge reported equity compensation activity in company stock. He acquired 21,644 shares and 15,648 shares as stock awards, both at no cash cost. On the same date, 6,158 shares at $24.63 were withheld by the company to cover tax due upon vesting of performance shares. After these transactions, he directly owned 551,124 shares, including 225,843 unvested restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Routledge Michael
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 21,644 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.01 per share | 15,648 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 6,158 | $24.63 | $152K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 541,634 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 performance shares. Includes 225,843 unvested shares of restricted stock.
FAQ
What insider transactions did Coeur Mining (CDE) report for Michael Routledge?
Coeur Mining reported that EVP & Chief Operating Officer Michael Routledge received two stock awards totaling 37,292 common shares and had 6,158 shares withheld to cover taxes upon vesting of performance shares, leaving him with 551,124 directly owned shares.
What does the tax-withholding disposition mean in Coeur Mining (CDE)’s Form 4?
The tax-withholding disposition reflects 6,158 shares withheld by Coeur Mining at $24.63 per share. These shares were retained by the company to satisfy income tax due when previously granted performance shares vested, rather than an open-market sale by Routledge.
What type of equity awards did Michael Routledge receive from Coeur Mining (CDE)?
Michael Routledge received common stock awards under Coeur Mining’s incentive compensation plan, acquiring 21,644 shares and 15,648 shares at no price per share. These grants are part of his executive compensation and increase his direct equity stake in the company.