Form 4: Newmont Corp Executive Jennifer Cmil Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
EVP and Chief People Officer of Newmont Corp, Jennifer Cmil, reports disposing of shares to cover tax withholding 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, 2025, she disposed of 1,683 shares of common stock at $43.58 to cover tax obligations related to vesting of 3,845 stock-settled restricted stock units.
- On February 28, 2025, she disposed of 1,102 shares of common stock at $42.12 to cover tax obligations related to the vesting of 2,518 stock-settled restricted stock units.
- Following these transactions, Cmil directly owns 73,402 shares of Newmont Corp common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages in the mining industry often include stock options and restricted stock units, leading to regular Form 4 filings as executives exercise options or vest shares.
- Companies like Barrick Gold and Rio Tinto also see similar filings from their executives related to stock transactions.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Disposal of 1,683 shares at $43.58 to cover tax obligations. |
| 02/28/2025 | Disposal of 1,102 shares at $42.12 to cover tax obligations. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.