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Palmer Thomas Ronald

President & CEO

Director Officer
6 filings analyzed · 1 company · Latest 2024-12-04

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Companies

Company Buys Sells Direction
NEWMONT Corp /DE/ NEM 0 6 Net selling

Activity

December 2024
2024-12-04 NEWMONT Corp /DE/ NEM 10b5-1 Plan
low
Sell
13,000 shares
$540,670
Significance 3/10

Then-CEO Palmer Thomas Ronald sold 13,000 NEM shares at $41.59 via pre-arranged 10b5-1 plan

Palmer Thomas Ronald, who was President & CEO at the time of this filing, sold 13,000 shares (13.0K shares) of NEWMONT Corp /DE/ (NEM) at $41.59 on 2024-12-02 under a pre-arranged 10b5-1 trading plan, reducing his holdings from 258,469 shares (258.5K shares) to 245,469 shares (245.5K shares), a decrease of 5.0% versus pre-transaction holdings. Because this transaction was part of a scheduled 10b5-1 trading plan rather than discretionary, the timing and execution reflect a predetermined schedule established in advance, not a response to current market conditions or company fundamentals. The sale itself represents a routine portfolio adjustment by a departing executive, with no material signaling value regarding his conviction in the company's near-term prospects.

November 2024
2024-11-05 NEWMONT Corp /DE/ NEM 10b5-1 Plan
medium
Sell
13,000 shares
$590,850
Significance 5/10

NEM CEO Palmer Thomas Ronald sells 13,000 shares at $45.45; stock -21.6% from 52-week high, down -13.8% in 30 days

Palmer Thomas Ronald, President & CEO of Newmont, sold 13,000 shares (13.0K shares) for $590,850.00 ($590.8K) on 2024-11-01 at $45.45, reducing his holdings by 4.8% to 258,469 shares (258.5K shares). The timing coincides with material price weakness: the stock is -21.6% from its 52-week high of $58.68 and has declined -13.8% over the past 30 days, trading $0.55 below the transaction price. His prior trades at NEM show mixed timing results: 2 of 3 measurable 90-day outcomes were well-timed (stock fell after the sale), though one recent sale on 2024-10-01 experienced a -15.6% 30-day decline post-sale. The fundamental backdrop reflects headwinds: the company reported annual revenue decline of -0.9% and was unprofitable over the most recent full fiscal year, with net income negative despite the latest quarter showing $922.0M in net income. This sale occurs during a period of deteriorating stock price and negative annual growth, making it factually observable but without clear forward signals beyond current market conditions.

October 2024
2024-10-03 NEWMONT Corp /DE/ NEM 10b5-1 Plan
medium
Sell
20,000 shares
$1,076,200
Significance 4/10

CEO Palmer Thomas Ronald sold 20,000 NEM shares at $53.81 on 2024-10-01; stock now $53.20, -4.7% from 52-week high.

Palmer Thomas Ronald, President & CEO of Newmont, executed a sale of 20,000 shares (20.0K shares) at $53.81, reducing his holdings by 6.9% to 271,469 shares (271.5K shares). The sale occurred near the 52-week high, with the stock currently $0.61 below the transaction price at $53.20. His prior sales at this ticker show mixed timing outcomes: 2 of 3 measurable 90-day periods were well-timed (negative returns after sale), but his 2023 sales coincided with subsequent declines of -11.2% and -12.8%, whereas his 2024 sales through July showed strong post-sale gains of +16.5% at 90 days. Current fundamental context includes flat annual revenue growth at -0.9% and full-year net income losses, though the latest quarterly net income was positive at $853,000,000.

September 2024
2024-09-05 NEWMONT Corp /DE/ NEM 10b5-1 Plan
medium
Sell
20,000 shares
$1,049,400
Significance 5/10

CEO Palmer sold 20,000 NEM shares at $52.47; holdings now 291.5K shares. Stock +28.7% in 90 days.

Palmer Thomas Ronald, President & CEO, executed a discretionary sale of 20,000 shares at $52.47 on 2024-09-03, reducing his holdings to 291.5K shares from 311.5K shares (a 6.4% reduction). The sale occurred near the 52-week high of $53.39, with the stock up 28.7% over the prior 90 days and 9.1% over the prior 30 days. At the same ticker, Palmer's prior two measurable sales (May 2023 and April 2023) exhibited 90-day declines of -11.2% and -12.8% respectively, establishing a 2-of-2 well-timed pattern at NEM. However, his cross-ticker track record shows an average 90-day return of -12.0% post-sale with a 100% well-timed rate, suggesting his sales have historically preceded stock declines. The company generated $4.4B in quarterly revenue but was unprofitable over its most recent full fiscal year, with annual revenue growth of -0.9%, creating a backdrop where insider sales near cyclical highs warrant investor attention.

August 2024
2024-08-05 NEWMONT Corp /DE/ NEM 10b5-1 Plan
medium
Sell
20,000 shares
$990,250
Significance 5/10

Palmer Thomas Ronald (CEO) sold 20,000 shares of NEM at $49.51; stock down 5.1% from 52-week high.

Palmer Thomas Ronald, President & CEO, sold 20,000 shares (311.5K shares remaining post-transaction) on 2024-08-01 at $49.51, near the 52-week high of $49.55. His prior NEM-specific sales on 2024-07-01 and 2023-05-01 both showed negative 90-day returns, indicating a 2 of 2 well-timed pattern at this ticker. However, the company reported unprofitable full-year results with annual revenue decline of -0.9%, and Q3 fundamentals show $4.4B quarterly revenue with $853.0M net income yet negative annual net income. The sale occurs in a context of weak fundamentals, though the stock has recovered 5.7% over the past 30 days and 13.5% over 90 days from depressed levels.

July 2024
2024-07-03 NEWMONT Corp /DE/ NEM 10b5-1 Plan
medium
Sell
13,000 shares
$547,690
Significance 5/10

CEO Palmer Thomas Ronald sells 13,000 NEM shares at $42.13; prior same-ticker sells well-timed with 90d declines.

Palmer Thomas Ronald, President & CEO of Newmont Corp, sold 13,000 shares (13.0K shares) on 2024-07-01 at $42.13, reducing holdings by 3.8% from 344.5K to 331.5K shares. His prior trades at NEM show a consistent timing pattern: both of his 2 prior sells at this ticker were followed by negative 90-day returns (-11.2% and -12.8%), suggesting he has historically sold ahead of declines. The current stock price of $43.45 sits 4.4% below the 52-week high and in positive territory on a 30-day and 90-day basis (+3.7% and +15.2%), contrasting with the historical pattern where his previous sales preceded downturns. The company reported negative full-year net income and flat annual revenue growth (-0.9%), providing a backdrop of constrained fundamentals that investors should monitor against near-term price strength.

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