Form 4: Coeur Mining CFO Sells Shares for Tax Obligations

Coeur Mining's EVP & CFO, Thomas S. Whelan, disposed of 26,020 shares of common stock to cover tax liabilities from restricted stock vesting.

Summary

• Thomas S. Whelan, Executive Vice President & Chief Financial Officer and a Director of Coeur Mining, Inc. (CDE), reported a transaction.
• On February 26, 2026, Whelan disposed of 26,020 shares of Coeur Mining Common Stock, par value $0.01 per share.
• The shares were disposed of at a price of $26.56 per share.
• This disposition was in accordance with the terms of the issuer's incentive compensation plan, where shares were withheld by the issuer to pay tax due upon the vesting of restricted shares.
• Following this transaction, Whelan directly beneficially owns 682,119 shares of Common Stock, which includes 154,862 unvested shares of restricted stock.
• Whelan also indirectly beneficially owns 6,000 shares of Common Stock through a college savings plan for his daughter.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this transaction as neutral. While it represents a reduction in direct insider holdings, the sale was for tax obligations arising from restricted stock vesting, a routine and expected event in executive compensation.

Positives

• The underlying event for the share disposition was the vesting of restricted shares, indicating the fulfillment of compensation plan criteria for the executive.

Negatives

• A reduction in direct insider ownership by 26,020 shares, although for tax purposes, slightly decreases the executive's direct stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares upon vesting of restricted stock are a common practice among executives and do not typically signal a change in company fundamentals or management's confidence. This is a routine compliance filing.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related disposition and does not reflect a change in company strategy or performance.

Key Dates

Recommendation

The transaction is a routine disposition of shares by an executive to cover tax liabilities associated with the vesting of restricted stock. This type of insider sale is common and generally does not indicate a change in the company's fundamental outlook or the executive's long-term confidence in the company. Therefore, a 'hold' recommendation is appropriate as this event does not provide new information to alter an investment thesis.

Keywords

Coeur Mining, CDE, Insider Transaction, Form 4, Executive Compensation, Stock Sale, Tax Withholding, Restricted Stock