Whelan Thomas S 4

What Happened
Thomas S. Whelan, EVP and Chief Financial Officer of Coeur Mining (CDE), had 26,020 shares withheld by the company on 2026-02-26 to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were valued at $26.56 each, for a total withholding value of $691,091. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-26; 26,020 shares withheld at $26.56 per share (total ~$691,091).
• Transaction type: F — shares withheld by issuer to pay tax due upon vesting of restricted shares (cashless withholding).
• Shares owned after transaction: Filing does not state a total post-transaction balance; it notes inclusion of 154,862 unvested restricted shares in beneficial ownership.
• Filing: Report filed 2026-03-02; timing appears to be within the SEC’s two-business-day reporting window for Form 4 (timely).
• Footnotes: F1 — shares withheld by issuer to pay taxes upon vesting; F2 — beneficial ownership figure includes 154,862 unvested restricted shares.

Context
Withholdings to cover tax on vested restricted stock are routine forms of disposition and do not necessarily indicate a change in the insider’s view of the company. This was not an open-market sale — the company retained the shares to meet tax obligations. For retail investors, such transactions are administrative and less informative about insider sentiment than open-market purchases or sales.