Tax withholding reduces Coeur Mining (NYSE: CDE) EVP stock holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coeur Mining, Inc. executive Casey M. Nault, EVP, GC & Secretary, reported a tax-withholding disposition of company stock. On this Form 4, 19,278 shares of common stock were withheld by the issuer at $26.56 per share to cover taxes due upon the vesting of restricted shares, rather than being sold on the open market. Following this transaction, Nault directly holds 565,997 shares of Coeur Mining common stock, which the filing notes includes 140,481 unvested restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nault Casey M.
Role
EVP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 19,278 | $26.56 | $512K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 565,997 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 140,481 unvested shares of restricted stock.
FAQ
What insider transaction did Coeur Mining (CDE) report for Casey M. Nault?
Coeur Mining reported that EVP, GC & Secretary Casey M. Nault had 19,278 shares withheld to cover taxes on vested restricted stock. This was a tax-withholding disposition under the company’s incentive plan, not an open-market stock sale.
Is the Coeur Mining (CDE) insider transaction a sale on the open market?
No, the transaction is classified as a tax-withholding disposition, not an open-market sale. Shares were withheld by Coeur Mining itself to pay tax due when restricted shares vested, consistent with the company’s incentive compensation plan terms.
What does the Form 4 say about unvested Coeur Mining (CDE) restricted stock for this insider?
The Form 4 notes that Casey M. Nault’s reported holdings include 140,481 unvested restricted shares. These shares are part of Coeur Mining’s incentive compensation plan and have not yet fully vested, but are counted in his reported beneficial ownership.