Thornton David John 4

What Happened

• David John Thornton, Managing Director, Americas at Newmont (NEM), received 1,361 stock-settled performance stock units (PSUs) on 2026-02-27. Those shares were reported as acquired at $0.00.
• To cover tax withholding on the vesting, 599 shares were withheld (disposed) at $127.47 each for $76,355 on 2026-03-02. The remaining 944 shares were sold in an open-market sale at $131.14 each for $123,796 on 2026-03-02. Total shares acquired: 1,361; total shares disposed: 1,543 (599 withheld + 944 sold), total proceeds reported from sales/withholding ≈ $200,151.
• These actions represent routine vesting and tax-withholding followed by an open-market sale; not a discretionary purchase signal.

Key Details

• Transaction dates and prices:
  • 2026-02-27: Award/settlement of 1,361 PSUs (acquired) at $0.00.
  • 2026-03-02: 599 shares withheld for taxes at $127.47 (disposed) — $76,355.
  • 2026-03-02: 944 shares sold open market at $131.14 (disposed) — $123,796.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Shares were withheld to satisfy tax withholding on the vesting of 1,361 PSUs.
  • F2: The 944-share sale was executed pursuant to a Rule 10b5-1 trading plan dated December 1, 2025.
• Filing: Form filed 2026-03-03; the filing does not indicate a late report.

Context

• This filing reflects settlement of vested performance shares and routine tax withholding, followed by a planned sale under a pre-established 10b5-1 plan. Withheld shares to cover taxes are common and do not by themselves indicate a change in sentiment. The open-market sale was executed under a 10b5-1 plan, which means it was likely pre-scheduled rather than a spontaneous market-timing decision.