Form 4: Newmont Corp Director Susan N. Story Reports Acquisition and Disposal of Common Stock

Director Susan N. Story reports acquiring and disposing of Newmont Corp common stock and director stock units (DSUs) related to her board re-election.

Summary

• On April 26, 2024, Susan N. Story, a director of Newmont Corp, reported transactions involving the company's common stock.
• She acquired 4,212 shares of common stock through director stock units (DSUs) awarded under the 2020 Stock Incentive Compensation Plan, valued at $0 per share.
• She disposed of 14,848 shares of common stock.
• Following these transactions, Story beneficially owns 14,848 shares of Newmont Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document primarily reports transactions related to director compensation, which is a routine event. The disposal of shares is a slightly negative signal, but not significantly concerning without further context.

Positives

• The acquisition of DSUs reflects continued alignment of the director's interests with the company's long-term performance.

Negatives

• The disposal of 14,848 shares of common stock could be interpreted negatively by some investors.

Risks

• There are no specific risks explicitly mentioned in this document.
• However, director stock disposals can sometimes signal concerns about the company's future prospects, although this is not necessarily the case here.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Management Comments

• The reported transaction reflects director stock units ('DSUs') awarded under the Issuer's 2020 Stock Incentive Compensation Plan (the 'Plan') in connection with the reporting person's re-election to the Newmont Corporation Board of Directors.
• DSUs represent the right to receive shares of common stock and are immediately fully vested and non-forfeitable.
• Upon retirement from the Board of Directors, the reporting person is entitled to receive one share of common stock for each DSU.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the financial interests of company insiders.

Comparison to Industry Standards

• Director compensation packages, including stock and DSU grants, are common practice among publicly traded companies, particularly in the mining industry.
• Companies like Barrick Gold, Rio Tinto, and BHP also utilize similar equity-based compensation plans for their directors to align their interests with shareholders.
• The specific number of shares and value of DSUs granted to directors vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transactions may have a minor impact on shareholders' perception of the company, depending on how they interpret the director's stock disposal.
• The DSU grants align the director's interests with the long-term success of the company, which is generally positive for stakeholders.

Key Dates