Newmont (NEM) director receives 1,645 DSUs tied to board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seaton David Thomas reported acquisition or exercise transactions in this Form 4 filing.
NEWMONT Corp director David Thomas Seaton reported an equity award tied to his board service. He received 1,645 director stock units (DSUs) under the company’s 2020 Stock Incentive Compensation Plan in connection with his re-election to the Board of Directors.
The DSUs are immediately fully vested and non-forfeitable, and each DSU entitles him to receive one share of common stock upon retirement from the Board. Following this award, Seaton directly holds 5,140 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seaton David Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1.60 par value | 1,645 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $1.60 par value — 5,140 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Director stock units granted: 1,645 shares
Shares held after transaction: 5,140 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Director stock units granted
1,645 shares
DSUs awarded in connection with board re-election
Shares held after transaction
5,140 shares
Total direct common stock holdings following grant
Grant price per share
$0.00 per share
Equity award; no cash paid by director
DSU conversion ratio
1 DSU : 1 share
Each DSU converts into one common share at board retirement
Key Terms
director stock units ("DSUs"), 2020 Stock Incentive Compensation Plan, non-forfeitable, Board of Directors
4 terms
director stock units ("DSUs") financial
"The reported transaction reflects director stock units ("DSUs") awarded under the Issuer's 2020 Stock Incentive Compensation Plan"
2020 Stock Incentive Compensation Plan financial
"DSUs awarded under the Issuer's 2020 Stock Incentive Compensation Plan (the "Plan")"
non-forfeitable financial
"DSUs represent the right to receive shares of common stock and are immediately fully vested and non-forfeitable"
Board of Directors financial
"Upon retirement from the Board of Directors, the reporting person is entitled to receive one share of common stock for each DSU"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did NEWMONT (NEM) director David Thomas Seaton report?
Director David Thomas Seaton reported receiving 1,645 director stock units (DSUs) in NEWMONT common stock. The grant was made under the 2020 Stock Incentive Compensation Plan in connection with his re-election to the Board of Directors.
What are director stock units (DSUs) in the NEWMONT (NEM) Form 4 filing?
The filing describes director stock units (DSUs) as rights to receive NEWMONT common shares. Each DSU is fully vested, non-forfeitable, and converts into one share of common stock when the director retires from the Board of Directors.
Was the NEWMONT (NEM) director stock unit grant an open-market purchase?
No, the 1,645 shares reported were a grant, not an open-market purchase. The Form 4 classifies the transaction as a grant or award acquisition under the 2020 Stock Incentive Compensation Plan for board service.