Form 4: Newmont Corp Director Receives Stock Units Following Re-election

Jose Manuel Madero Garza, a director at Newmont Corp, received 3,495 director stock units (DSUs) following his re-election to the board.

Summary

• Jose Manuel Madero Garza, a director of Newmont Corp, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Mr. Madero Garza acquired 3,495 director stock units (DSUs) on May 1, 2025, under the company's 2020 Stock Incentive Compensation Plan, related to his re-election to the Newmont Corporation Board of Directors.
• These DSUs are immediately vested and non-forfeitable, representing the right to receive one share of common stock for each DSU upon retirement from the Board of Directors.
• Following the transaction, Mr. Madero Garza directly owns 16,807 shares of Newmont Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, indicating stable corporate governance and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders.
• The immediate vesting of the DSUs provides an incentive for continued service on the board.

Future Outlook

The director stock units will convert to common stock upon the director's retirement from the board.

Industry Context

Granting stock-based compensation to board members is a common practice in the mining industry to align their interests with shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Companies like Barrick Gold (GOLD) and Newcrest Mining (NCM) also utilize stock-based compensation for their directors.
• The specific amount and vesting schedules can vary based on company size, performance, and governance policies.
• The immediate vesting of the DSUs is more favorable than some companies that use multi-year vesting schedules.

Stakeholder Impact

• The granting of DSUs aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Newmont Corp, Director Stock Units, DSUs, Form 4, Beneficial Ownership, Director, NEM