Watkinson Kenneth J 4
Research Summary
AI-generated summary
Coeur Mining VP Kenneth Watkinson Withholds 5,500 Shares for Taxes
What Happened
Kenneth J. Watkinson, VP, Corporate Controller & CAO of Coeur Mining (CDE), had 5,500 shares withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted shares. The shares were valued at $26.56 each, resulting in a withholding value of approximately $146,080. This was a tax-withholding disposition—not an open-market sale.
Key Details
- Transaction date: February 26, 2026; Filing date: March 2, 2026 (Form 4 accession 0001729647-26-000006).
- Price/value: 5,500 shares × $26.56 = $146,080 (transaction code F — tax withholding).
- Shares owned after transaction: total post-transaction beneficial ownership not specified in the provided data; the filing notes holdings include 60,258 unvested restricted shares (footnote F2).
- Footnote: F1 states shares were withheld by the issuer to pay tax due upon vesting of restricted shares.
- No indication this filing was late; timing appears consistent with standard Form 4 reporting.
Context
This is a routine tax-withholding event tied to the vesting of restricted stock and should not be read as a directional trade by the insider. Withholding to cover taxes (code F) is common and differs from a voluntary sale or open-market disposition.