KREBS MITCHELL J 4
Research Summary
AI-generated summary
Coeur Mining CEO Mitchell Krebs Withholds 27,778 Shares for Taxes
What Happened
- Mitchell J. Krebs, Chairman, President & CEO (and Director) of Coeur Mining (CDE), had 27,778 restricted shares withheld by the issuer to pay tax due upon vesting. The withholding was recorded at $21.81 per share for a total value of approximately $605,838.
- This was an administrative tax-withholding (code F), not an open-market sale or purchase; it reflects shares retained by the company to satisfy tax withholding obligations upon vesting.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (timely filing).
- Withheld shares: 27,778 at $21.81 per share — total value ≈ $605,838.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1—shares withheld by the issuer to pay taxes upon vesting; F2—reporting includes 452,107 unvested restricted shares.
- Transaction code: F (tax withholding). This is routine administrative activity and does not necessarily indicate a change in CEO sentiment on the stock.
Context
- Tax-withholding on vested restricted stock is common and should be treated differently than an open-market sale. It reduces the insider’s outstanding shares but is done to cover tax obligations rather than to raise cash or signal a view on the company.