Form 4: Coeur Mining Director Jeane L. Hull Reports Acquisition of Restricted Stock Units

Director Jeane L. Hull reports acquisition of restricted stock units in Coeur Mining, Inc. as part of retainer fee.

Summary

• On February 26, 2024, Jeane L. Hull, a director of Coeur Mining, Inc., reported the acquisition of 34,129 restricted stock units (RSUs).
• These RSUs were granted as part of the director's retainer fee under the 2018 Long-Term Incentive Plan, as amended.
• Each RSU represents a contingent right to receive one share of Coeur Mining common stock.
• Hull also reported owning 11,473 shares of common stock directly.
• The shares of common stock related to the RSUs will be delivered to Hull on the 60th day after separation from board service.
• Hull has granted power of attorney to Casey M. Nault and Kyle J. Swanson to handle SEC filings related to Coeur Mining securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of restricted stock units) by a company director, indicating a neutral to slightly positive sentiment as it aligns the director's interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The grant of RSUs as part of the retainer fee is a common practice for compensating board members.

Future Outlook

The reporting person will receive shares of common stock of Coeur Mining, Inc. equal to the number of restricted stock units held by the reporting person on the 60th day after separation from board service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Granting restricted stock units to directors as part of their compensation is a common practice among publicly traded companies, including peers such as Newmont Corporation (NEM) and Barrick Gold Corporation (GOLD).
• The specific terms of the RSU grants, such as vesting schedules and conversion ratios, are typically detailed in the company's proxy statements and compensation disclosures, allowing for comparison with industry benchmarks.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates