Thornton David John 4

What Happened

• David John Thornton, Managing Director, Americas at Newmont (NEM), had shares withheld to satisfy tax-withholding obligations when restricted stock units vested. The Form 4 reports two withholding transactions: 1,921 shares withheld on 2026-02-26 at $124.85 ($239,837) and 1,129 shares withheld on 2026-02-27 at $127.47 ($143,914). In total 3,050 shares were withheld/disposed for tax obligations, totaling $383,751. These were not open-market sales for investment purposes but tax withholdings tied to RSU vesting.

Key Details

• Transaction dates and prices:
  • 2026-02-26: 1,921 shares @ $124.85 = $239,837 (reported as disposed)
  • 2026-02-27: 1,129 shares @ $127.47 = $143,914 (reported as disposed)
• Total withheld: 3,050 shares; total value ≈ $383,751.
• Footnotes: F1 = shares withheld for tax on vesting of 5,554 stock‑settled RSUs; F2 = shares withheld for tax on vesting of 2,564 stock‑settled RSUs (total vested RSUs = 8,118).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-03-02 for transactions on 2026-02-26 and 2026-02-27 — appears to be timely (Form 4 is due two business days after the transaction).

Context

• These entries are tax-withholding dispositions tied to RSU vesting (reported with code F). This is a routine administrative action and does not necessarily indicate buying or selling for investment reasons.
• For retail investors: purchases or open-market sales can be more informative about insider sentiment; tax-withholdings on awards are common and typically neutral.