4/A: Coeur Mining SVP, GC & Secretary Reports Changes in Beneficial Ownership
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Casey M. Nault, SVP, GC & Secretary of Coeur Mining, reports changes in beneficial ownership of company stock due to tax withholding and vesting of restricted shares.
Summary
- On February 21, 2025, Casey M. Nault, SVP, GC & Secretary of Coeur Mining, had changes in their beneficial ownership of Coeur Mining stock.
- 9,850 shares were withheld by the issuer to pay tax due upon the vesting of restricted shares at a price of $5.46 per share.
- 57,028 shares were acquired through vesting at $0 per share.
- 25,265 shares were withheld to pay tax due upon vesting of performance shares at a price of $5.46 per share.
- Following these transactions, Nault beneficially owns 741,197 shares, which includes 202,376 unvested shares of restricted stock.
- The original Form 4 is being amended to correct the number of shares withheld by the issuer in accordance with the terms of the issuer's incentive compensation plan to pay tax due upon vesting of performance shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the mining industry to align executive incentives with shareholder value.
- Companies like Newmont and Barrick Gold also utilize restricted stock units and performance shares as part of their compensation packages.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
- The vesting of restricted stock and performance shares incentivizes the executive to improve company performance, which benefits shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of vesting of performance shares, corrected by 85 shares. |
| 02/21/2025 | Date of the reported transactions (stock withholding and vesting). |
| 02/25/2025 | Date of original filing, which this document amends. |
| 05/14/2025 | Date of signature on the amended form. |
Keywords
beneficial ownership, Form 4, Coeur Mining, CDE, Nault, stock vesting, tax withholding, restricted stock, performance shares
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