Coeur Mining (CDE) CEO reports tax-withholding share disposition on Form 4
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 under the company’s incentive plan. On this Form 4, 42,428 shares of common stock were withheld by the issuer at a price of $27.15 per share to cover taxes on vesting restricted stock. After this withholding, Krebs directly holds 2,149,517 shares of Coeur Mining common stock, which includes 292,238 unvested restricted shares.
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 | 42,428 | $27.15 | $1.15M |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 2,149,517 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 292,238 unvested shares of restricted stock.
FAQ
What insider transaction did Coeur Mining (CDE) report for Mitchell J. Krebs?
Coeur Mining reported that CEO Mitchell J. Krebs had 42,428 shares withheld to cover taxes on vested restricted stock. This tax-withholding disposition was executed at $27.15 per share under the company’s incentive compensation plan, rather than as an open-market sale.
Was the Coeur Mining (CDE) CEO’s Form 4 transaction an open-market sale?
The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Coeur Mining to satisfy tax obligations triggered by the vesting of restricted stock, consistent with the company’s incentive compensation plan terms.
What does transaction code F mean in the Coeur Mining (CDE) Form 4?
Transaction code F on the Form 4 indicates payment of a tax liability or exercise price by delivering securities. For Coeur Mining, it reflects shares withheld from CEO Mitchell J. Krebs to cover taxes due upon the vesting of restricted stock grants.