Newmont (NYSE: NEM) director moves 46,871 shares into family trust
Rhea-AI Filing Summary
NEWMONT Corp (NEM) director Gregory H. Boyce reported an internal estate-planning transfer of equity. On 2026-08-24, he made a bona fide gift of 46,871 director stock units of Newmont common stock to The Boyce Family Trust for no consideration. After the transactions, Boyce holds 46,871 shares indirectly through the trust and no shares directly. A footnote states that he and his spouse are the sole beneficiaries and that he remains the beneficial owner of the securities held by the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
93,742 shares gifted
Gift
2 txns
Insider
BOYCE GREGORY H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $1.60 par value F1 | 46,871 | $0.00 | $0.00 |
| Gift | Common Stock, $1.60 par value F1 | 46,871 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, $1.60 par value — 0 shares (Direct);
Common Stock, $1.60 par value — 46,871 shares (Indirect, By The Boyce Family Trust)
Footnotes (1)
- F1. The reporting person transferred 46,871 director stock units ("DSUs") to The Boyce Family Trust for no consideration. The reporting person and his spouse are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
Key Figures
Director stock units transferred: 46,871 units
Transaction price per share: $0.00 per share
Shares following transaction (direct): 0 shares
+2 more
5 metrics
Director stock units transferred
46,871 units
Transferred to The Boyce Family Trust on 2026-08-24 as a bona fide gift
Transaction price per share
$0.00 per share
Reported for the gift transfer of 46,871 director stock units
Shares following transaction (direct)
0 shares
Direct ownership of Newmont common stock after the 2026-08-24 transfer
Shares following transaction (indirect via The Boyce Family Trust)
46,871 shares
Indirect ownership through The Boyce Family Trust after the 2026-08-24 transfer
Gift-coded shares in this filing
93,742 shares
Aggregate of gift-coded entries reported in the transaction summary
Key Terms
bona fide gift, director stock units ("DSUs"), beneficial owner, indirect ownership
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
director stock units ("DSUs") financial
"transferred 46,871 director stock units ("DSUs") to The Boyce Family Trust"
beneficial owner financial
"The reporting person remains the beneficial owner of the securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
indirect ownership financial
""ownership_type": "indirect""
FAQ
What insider transaction did NEM director Gregory H. Boyce report?
Gregory H. Boyce reported a bona fide gift transfer of 46,871 director stock units of NEWMONT Corp (NEM) common stock, moving them from his direct ownership into The Boyce Family Trust for no consideration on 2026-08-24.
What are Gregory Boyce’s NEWMONT (NEM) holdings after this Form 4 transaction?
After the reported transactions, Gregory H. Boyce holds 0 shares directly and 46,871 shares indirectly through The Boyce Family Trust. A footnote states he and his spouse are the sole beneficiaries and he remains the beneficial owner of the trust’s securities.
Was the NEWMONT (NEM) Form 4 transaction a sale for cash?
No. The Form 4 describes a bona fide gift of 46,871 director stock units of NEWMONT (NEM) common stock to The Boyce Family Trust for no consideration, with a reported transaction price of $0.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
