Sundar PichaiSundar Pichai earned $164M in 2023

Tom Palmer is the President and CEO of Newmont Corporation, a huge player in the gold mining industry. He took the helm in 2019 after years of climbing the ranks within the company, from Senior Vice President for Asia Pacific...

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Tom Palmer

CEO of Newmont

Sector of Economy

Basic Materials

Born

November 30, 1968 - 56 years ago

CEO of Newmont for

5 years 5 months (Dec 2019 - Present)

Previous Experience

Various roles at Newmont, including President and Chief Operating Officer

Holdings

See how much did Tom Palmer make over time.

As of 2023, Tom Palmer's holdings in Newmont comprise a significant portion of his wealth. He holds around 216,180 shares, valued at approximately $9.4 million, making stock awards a crucial part of his compensation package. His wealth in Newmont stock...

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Total Stock Sold

$24.52M

NEM

$24.52M

481,300 NEM shares

What if they kept their stock?

If Tom Palmer didn't sell their stock, today they would have:
Extra NEM481,300 shares worth $26.36M.
This is 7.51% and $1.84M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Tom Palmer.

NEM

$1.05M

NEM at $52.47/share

Sep 3, 2024

Sale

NEM

$990.25K

NEM at $49.51/share

Aug 1, 2024

Sale

NEM

$547.69K

NEM at $42.13/share

Jul 1, 2024

Sale

NEM

105,520 shares

NEM

Feb 26, 2024

Received

NEM

53,152 shares

NEM

Feb 22, 2024

Received

NEM

$413.60K

NEM at $37.60/share

Nov 1, 2023

Sale

NEM

$401.17K

NEM at $36.47/share

Oct 2, 2023

Sale

NEM

$439.01K

NEM at $39.91/share

Sep 1, 2023

Sale

NEM

$463.76K

NEM at $42.16/share

Aug 1, 2023

Sale

NEM

$471.35K

NEM at $42.85/share

Jul 3, 2023

Sale

Compensation History

See how much did Tom Palmer make over time.

In 2023, Tom Palmer's total compensation reached approximately $11.7 million. His salary accounted for $1.4 million, with over $9.4 million derived from stock awards. This pay structure reflects a strong incentive for Palmer to enhance Newmont’s stock performance, tying his financial rewards to the company's achievements. He did not receive any additional bonuses in 2023, emphasizing a pay model that prioritizes long-term stock performance over immediate cash bonuses. Over the years, his compensation package has included a significant proportion in restricted stock units (RSUs), aligning his interests more closely with shareholders and promoting a focus on sustainable growth strategies for the company.

Year

2023

Total Compensation

$10.94M

Salary

$1.44M

Board Justification

The compensation philosophy aligns with company performance and peer benchmarking to attract and retain executive talent.

Bonus

$0.00

Board Justification

No discretionary supplemental bonuses were paid for 2023.

Other

$65.35K

Board Justification

Other compensation includes tax consultation reimbursement and contributions to defined contribution plans.

Restricted Stock

$9.44M(216.18K RSU)

Board Justification

The value of the vested stock in 2023 is based on the stock price at vesting.

Performance Metrics

Performance metrics include sustainability, financial, and growth performance goals.

Other Newmont CEOs

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