4/A: Coeur Mining CEO Mitchell Krebs Amends SEC Filing to Correct Share Withholding for Tax Obligations

Mitchell Krebs, CEO of Coeur Mining, amends a previous SEC filing to correct the number of shares withheld by the issuer to cover tax obligations upon the vesting of performance shares.

Summary

• Coeur Mining CEO Mitchell J Krebs amended a Form 4 filing with the SEC on May 14, 2025, to correct the number of shares withheld by the issuer to cover tax obligations.
• The original filing, dated February 25, 2025, has been updated to reflect the accurate number of shares withheld in accordance with the company's incentive compensation plan.
• On February 21, 2025, 28,016 shares were withheld to pay tax due upon the vesting of restricted shares at a price of $5.46.
• Also on February 21, 2025, 162,212 shares were acquired at $0, and 47,529 shares were withheld to pay tax due upon vesting of performance shares at a price of $5.46.
• Following these transactions, Krebs beneficially owns 2,353,797 shares, including 539,670 unvested shares of restricted stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation practices, including share-based compensation and tax withholding, are standard across publicly traded companies.
• Companies like Newmont Corporation (NEM) and Barrick Gold Corporation (GOLD) also utilize similar incentive compensation plans for their executives.
• The specifics of share withholding for tax purposes are governed by tax regulations and company-specific compensation plans, making direct comparisons challenging without detailed plan information.

Stakeholder Impact

• The correction ensures accurate reporting to shareholders and the SEC.
• The transactions relate to executive compensation, which is of interest to shareholders.

Key Dates

Keywords

SEC Filing, Form 4, Coeur Mining, Mitchell Krebs, Share Withholding, Tax Obligations, Amendment, Beneficial Ownership, Incentive Compensation Plan, Restricted Stock, Performance Shares