Form 4: Coeur Mining SVP Emilie C. Schouten Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Emilie C. Schouten, SVP & Chief HR Officer of Coeur Mining, reports acquisition and disposal of common stock related to vesting of restricted and performance shares.
Summary
- Emilie C. Schouten, SVP & Chief HR Officer of Coeur Mining, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On February 21, 2025, shares were withheld by the issuer to cover tax obligations upon the vesting of restricted shares, resulting in the disposal of 6,887 shares at $5.46.
- On the same date, 44,945 shares were acquired upon vesting of restricted stock at $0.
- Additionally, 19,057 shares were withheld to cover tax obligations upon the vesting of performance shares at $5.46.
- Following these transactions, Schouten directly owns 431,452 shares, which includes 140,736 unvested restricted shares.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates ongoing equity-based incentives.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies. It reflects the standard practice of granting and vesting restricted stock and performance shares as part of executive compensation packages within the mining industry.
Comparison to Industry Standards
- Equity compensation is a common practice among publicly traded mining companies such as Newmont Corporation (NEM), Barrick Gold Corporation (GOLD), and Agnico Eagle Mines Limited (AEM).
- These companies typically use a mix of restricted stock units (RSUs) and performance-based equity awards to align executive compensation with shareholder value and company performance.
- The vesting schedules and tax withholding practices described in this filing are consistent with industry norms for equity compensation plans.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
- Employees who are granted equity awards are directly impacted by the vesting and tax withholding processes.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transactions involving common stock. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.