Form 4: Newmont Corp EVP & CFO Karyn F. Ovelmen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Karyn F. Ovelmen, EVP & CFO of Newmont Corp, reports the disposition of 2,882 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On July 24, 2024, Karyn F. Ovelmen, the EVP & CFO of Newmont Corp, disposed of 2,882 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 10,023 stock-settled restricted stock units.
- The shares were sold at a price of $47.07 per share.
- Following the transaction, Ovelmen directly owns 57,179 shares of Newmont Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate any positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard tax-related stock disposal following the vesting of restricted stock units, a common practice among corporate executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of transaction: Disposition of 2,882 shares of common stock. |
| 07/26/2024 | Date of signature on the report. |
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