Sundar PichaiSundar Pichai earned $164M in 2023

Gary J. Goldberg served as the President and CEO of Newmont Mining Corporation from March 2013 until December 2019. He has over 30 years of experience in the mining industry, including a significant tenure at Rio Tinto where he held...

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Gary J. Goldberg

Ex-CEO of Newmont

Sector of Economy

Basic Materials

Born

November 30, 1959 - 65 years ago

CEO of Newmont for

6 years 9 months (Mar 2013 - Dec 2019)

Previous Experience

President and Chief Executive Officer of Rio Tinto Minerals from 2006 to 2011

Holdings

See how much did Gary J. Goldberg make over time.

Gary Goldberg had significant stock holdings valued at over $13 million in 2019, reflecting a strong connection between his wealth and the company's performance. After the merger with Goldcorp, his holdings were expected to fluctuate based on Newmont’s fluctuations in...

Total Stock Sold

$3.45M

NEM

$3.45M

103,039 NEM shares

What if they kept their stock?

If Gary J. Goldberg didn't sell their stock, today they would have:
Extra NEM103,039 shares worth $6.49M.
This is 88.23% and $3.04M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gary J. Goldberg.

NEM

$160.04K

NEM at $40.01/share

Sep 3, 2019

Sale

NEM

$143.72K

NEM at $35.93/share

Aug 1, 2019

Sale

NEM

$150.52K

NEM at $37.63/share

Jul 1, 2019

Sale

NEM

$133.24K

NEM at $33.31/share

Jun 3, 2019

Sale

NEM

$123.60K

NEM at $30.90/share

May 1, 2019

Sale

NEM

$143.40K

NEM at $35.85/share

Apr 1, 2019

Sale

NEM

$135.60K

NEM at $33.90/share

Mar 1, 2019

Sale

NEM

554,706 shares

NEM

Feb 22, 2019

Received

NEM

$136.52K

NEM at $34.13/share

Feb 1, 2019

Sale

NEM

$137.72K

NEM at $34.43/share

Dec 31, 2018

Sale

Compensation History

See how much did Gary J. Goldberg make over time.

Gary Goldberg's compensation varied widely during his time as CEO. In 2019, he earned a total of $16.6 million, primarily through vested stocks worth over $13 million. His base salary was about $1.05 million, with major earnings linked to his performance metrics that included safety, operational efficiency, and sustainability targets. His pay structure was designed to motivate and align his goals with long-term company success, as most of his earnings were based on company performance, not just salary. This reflects Newmont's philosophy of linking executive compensation with business outcomes. Over the years, his compensation highlighted the company's focus on rewarding strong leadership and results in a challenging market.

Year

2019

Total Compensation

$14.36M

Salary

$1.05M

Board Justification

Newmont’s executive compensation programs are designed to effectively link the actions of our executives to business outcomes that drive value creation for stockholders, with a focus on pay-for-performance and appropriate pay levels.

Bonus

$0.00

Board Justification

No discretionary supplemental bonuses were paid for 2019, except for Mr. Atkinson whose bonus of $500,000 was paid as a component in consideration of compensation forfeited from a prior employer as a result of joining Newmont.

Other

$37.57K

Board Justification

Includes financial advisory services and executive health assessments.

Restricted Stock

$13.27M(0 RSU)

Board Justification

The amounts shown assume vesting as of December 31, 2019, at a closing price of $43.45. The amounts shown do not include any vested stock awards.

Performance Metrics

The performance metrics for the CEO's compensation are based on corporate performance results including safety, financial, operational, and sustainability targets.