Form 4: Coeur Mining CFO Sells Shares for Tax Obligations

Coeur Mining's EVP & CFO, Thomas S. Whelan, disposed of 20,345 shares of common stock at $27.15 per share to cover tax liabilities from restricted stock vesting.

Summary

• Thomas S. Whelan, EVP & CFO of Coeur Mining, Inc. (CDE), reported a transaction on February 27, 2026.
• 20,345 shares of common stock were disposed of at a price of $27.15 per share.
• This disposition was a withholding by the issuer to pay taxes due upon the vesting of restricted shares, in accordance with the company's incentive compensation plan.
• Following this transaction, Whelan directly beneficially owns 661,774 shares of common stock, which includes 116,834 unvested restricted shares.
• Additionally, Whelan indirectly owns 6,000 shares through a college savings plan for his daughter.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While it's a sale, it's for tax purposes related to compensation, not a discretionary sale, and is a routine part of executive compensation.

Positives

• The transaction is a tax-related disposition, not a discretionary sale, indicating a non-negative reason for the share reduction.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting pre-planned activity and not a reaction to new information.

Negatives

• A reduction in direct beneficial ownership, even 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 by executives are common occurrences following the vesting of restricted stock awards and are generally not indicative of a change in management's outlook on the company's prospects. This is a routine compliance filing.

Stakeholder Impact

• Shareholders: Minor dilution from the shares being withheld by the issuer, but the overall impact is negligible as it's a routine tax event.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon restricted stock vesting. It does not provide new information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a catalyst for buying or selling.

Keywords

Coeur Mining, CDE, Form 4, Insider Transaction, Thomas S. Whelan, CFO, Stock Sale, Tax Withholding, Restricted Stock, 10b5-1 Plan