Form 4: Newmont Corp CEO Thomas Palmer Reports Changes in Beneficial Ownership

CEO Thomas Palmer reports a change in beneficial ownership of Newmont Corp shares due to the lapsing of restrictions on retirement eligible shares to cover FICA taxes.

Summary

• Thomas Ronald Palmer, President & CEO of Newmont Corp, filed a Form 4 on December 31, 2024, reporting changes in beneficial ownership of Newmont Corp shares.
• The transaction occurred on December 27, 2024.
• 773 shares of common stock were disposed of to cover required withholding for FICA taxes due to the lapsing of restrictions on retirement eligible shares.
• The price per share was $39.38.
• Following the transaction, Palmer directly owns 244,696 shares of Newmont Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is related to tax obligations and not a discretionary sale. It doesn't necessarily indicate a positive or negative outlook for the company.

Management Comments

• No volitional sales or transfers of Newmont securities were made by the reporting person in connection with the above reported change in ownership.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into an executive's perspective on the company's performance and future prospects. This transaction appears to be related to tax obligations rather than a strategic decision to sell shares.

Key Dates