Form 4: Newmont Corp Executive Jennifer Cmil Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
EVP and Chief People Officer of Newmont Corp, Jennifer Cmil, reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Jennifer Cmil, EVP and Chief People Officer of Newmont Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 27, 2024, 1,683 shares of common stock were disposed of at $30.01 per share to cover tax obligations related to vesting of 3,845 stock-settled restricted stock units.
- On February 28, 2024, 1,102 shares of common stock were disposed of at $29.86 per share to cover tax obligations related to the vesting of 2,517 stock-settled restricted stock units.
- Following these transactions, Cmil directly owns 67,378 shares of Newmont Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. These transactions are often related to stock options or restricted stock units vesting and the subsequent tax obligations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | 1,683 shares disposed of to cover tax obligations. |
| 02/28/2024 | 1,102 shares disposed of to cover tax obligations. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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