4/A: Coeur Mining Executive Amends SEC Filing to Correct Share Withholding and Ownership Details
SEC Filing Amendment
Kenneth J. Watkinson, VP, Corporate Controller & CAO of Coeur Mining, Inc., filed an amended Form 4 with the SEC to correct the number of shares withheld for tax purposes and to clarify share ownership.
Summary
- Kenneth J. Watkinson, a VP at Coeur Mining, filed an amended Form 4 with the SEC.
- The amendment corrects the number of shares withheld by the issuer to cover taxes upon the vesting of restricted and performance shares.
- The filing also adjusts the number of shares held directly and indirectly, including shares held by the reporting person's spouse.
- On February 21, 2025, 3,382 shares were disposed of to cover taxes at a price of $5.46 per share.
- Also on February 21, 2025, 12,142 shares were acquired.
- An additional 3,559 shares were disposed of on February 21, 2025, for tax purposes at $5.46 per share.
- Following these transactions, Watkinson directly owns 144,555 shares and indirectly owns 1,000 shares through his spouse.
- The filing includes 87,298 unvested shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing with no inherent positive or negative sentiment. It simply corrects previously reported information.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock and performance shares, are common across the mining industry.
- Companies like Newmont Corporation (NEM) and Barrick Gold Corporation (GOLD) also utilize similar incentive plans for their executives.
- The withholding of shares to cover tax obligations upon vesting is a standard practice to simplify tax reporting for employees.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and share ownership.
- It ensures compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of vesting of performance shares, requiring correction of withheld shares. |
| 02/21/2025 | Date of transactions involving the acquisition and disposal of shares. |
| 02/25/2025 | Original filing date of the Form 4 that is being amended. |
| 05/14/2025 | Date of signature on the amended filing. |
Keywords
SEC Filing, Form 4, Coeur Mining, CDE, Watkinson, Share Withholding, Beneficial Ownership, Restricted Stock, Performance Shares, Amendment
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