Coeur Mining (CDE) CFO logs tax-withholding share disposition in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining, Inc. executive vice president and CFO Thomas S. Whelan reported an automatic tax-related share disposition under the company’s incentive compensation plan. On February 17, 12,664 shares of common stock were withheld by the issuer at $21.81 per share to cover taxes due upon vesting of restricted shares, rather than being sold on the open market.
After this tax-withholding disposition, Whelan directly owned 680,434 shares of Coeur Mining common stock, including 182,639 unvested restricted shares. He also reported indirect ownership of 6,000 shares held in a college savings plan for his daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Whelan Thomas S
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 12,664 | $21.81 | $276K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 680,434 shares (Direct);
Common Stock, par value $0.01 per share — 6,000 shares (Indirect, College savings plan for daughter)
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 182,639 unvested shares of restricted stock.
FAQ
What insider transaction did Coeur Mining (CDE) report for Thomas S. Whelan?
Coeur Mining reported that EVP & CFO Thomas S. Whelan had 12,664 shares of common stock withheld on February 17 to pay tax due on vested restricted shares, a tax-withholding disposition rather than an open-market sale.
Does the Coeur Mining (CDE) Form 4 show any indirect holdings for Thomas S. Whelan?
Yes. The Form 4 reports 6,000 Coeur Mining shares held indirectly through a college savings plan for Whelan’s daughter. This is disclosed separately from his direct ownership and is classified as indirect beneficial ownership in the filing.
Was Thomas S. Whelan’s Coeur Mining (CDE) transaction an open-market sale?
No. The transaction is coded as F, meaning shares were withheld by the issuer to pay tax liability upon vesting of restricted shares. It is described as a tax-withholding disposition, not a voluntary open-market sale of stock.
What do the restricted stock footnotes mean in the Coeur Mining (CDE) Form 4?
The footnotes explain that shares were withheld under the incentive compensation plan to cover taxes on vesting, and that Whelan’s direct holdings include 182,639 unvested restricted shares, which are part of his equity-based compensation rather than fully vested, freely tradable stock.