Coeur Mining (CDE) VP Watkinson sells 39,000 shares, retains over 77,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining VP Kenneth J. Watkinson reported an open-market sale of 39,000 shares of common stock at a weighted average price of $18.60 per share. After this transaction, he held 77,204 shares directly, which the disclosure states includes 44,766 unvested restricted shares. A separate entry shows indirect ownership of 1,000 shares held by his spouse, indicating an additional, smaller position associated with the insider.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,000 shares ($725,400)
Net Sell
2 txns
Insider
Watkinson Kenneth J
Role
VP, Corporate Controller & CAO
Sold
39,000 shs ($725K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 39,000 | $18.60 | $725K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 77,204 shares (Direct, null);
Common Stock, par value $0.01 per share — 1,000 shares (Indirect, By spouse)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $18.57 to $18.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Includes 44,766 unvested shares of restricted stock.
Key Figures
Shares sold: 39,000 shares
Sale price: $18.60 per share
Direct holdings after sale: 77,204 shares
+3 more
6 metrics
Shares sold
39,000 shares
Open-market sale of common stock
Sale price
$18.60 per share
Weighted average sale price
Direct holdings after sale
77,204 shares
Common stock held directly following transaction
Unvested restricted stock
44,766 shares
Included within direct holdings
Indirect holdings by spouse
1,000 shares
Common stock held indirectly
Price range of trades
$18.57–$18.62
Range of prices for the executed sale trades
Key Terms
open-market sale, weighted average sale price, restricted stock, indirect ownership
4 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
restricted stock financial
"Includes 44,766 unvested shares of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
indirect ownership financial
"indirect ownership of 1,000 shares held by spouse"
FAQ
What insider transaction did Coeur Mining (CDE) report for Kenneth J. Watkinson?
Kenneth J. Watkinson reported an open-market sale of 39,000 Coeur Mining shares at a weighted average price of $18.60. The filing classifies this as a non-derivative common stock transaction rather than an option exercise or other derivative-related event.
What are Kenneth J. Watkinson’s Coeur Mining (CDE) holdings after this Form 4 sale?
After the sale, Watkinson directly held 77,204 Coeur Mining common shares, including 44,766 unvested restricted shares. The filing also shows 1,000 shares held indirectly through his spouse, reflecting an additional but smaller indirect ownership interest.
What does the Form 4 say about unvested restricted stock for Coeur Mining (CDE)?
The filing notes that Watkinson’s 77,204 directly held shares include 44,766 unvested restricted shares. This means a substantial portion of his position is subject to vesting conditions, which typically relate to continued service or performance requirements.
Does Kenneth J. Watkinson have any indirect Coeur Mining (CDE) ownership?
Yes. The Form 4 discloses indirect ownership of 1,000 Coeur Mining shares held by his spouse. This entry is classified as a holding record rather than a new transaction, indicating an existing indirect position associated with the reporting person.