What's your question? Ask

This appears to be the close cousin of the bottle palm, called the Spindle palm. Those growths are going to bloom into flowers, and eventually a fruit. Here is an article with information about the tree: https://www.gardeningknowhow.com/houseplants/spindle-palm/growing-spindle-palm-trees.htm

There is nothing required. These are flowers, and are a signal that your tree is quite healthy! Here is the shocking part... This is actually a Spindle Palm!!! They are very closely related, and will get these flowers, unlike the bottle palm, which have a different flowering arrangement.

Here is more information on the tree: https://www.gardeningknowhow.com/houseplants/spindle-palm/growing-spindle-palm-trees.htm

These are flowers. It tells me that this is the bottle palm's close relative (which these are commonly mistaken for) It is called the Spindle Palm. These can be removed once they die and turn brown, otherwise, there is no action required.

This article will help: https://www.gardeningknowhow.com/houseplants/spindle-palm/growing-spindle-palm-trees.htm

From the photo, I believe your palm has a fungal leaf spot disease (not sure of exact identity without laboratory analysis). This could have originated in the nursery where it came from, and it could be partially a result of nutrient deficiency and/or water management.

Remove the severely affected fronds to prevent transmission. A copper fungicide will help prevent further outbreaks but won't correct any leaf spots you already have.

See the disease management section of this article from University of Florida (lots of palms in that state so lots of research and information)
http://edis.ifas.ufl.edu/pp142
"It has been observed that some fungal leaf pathogens are more severe on nutritionally-stressed palms."

https://hgic.clemson.edu/factsheet/palm-diseases-nutritional-problems/

https://www.gardeningknowhow.com/houseplants/spindle-palm/growing-spindle-palm-indoors.htm

Some possibilities to consider/research: The tree is not getting enough water; the soil is short on key nutrients like nitrogen or magnesium; Pests like palm tree weevils, spider mites, aphids, etc.; Ganoderma root rot fungal infection.

You may need to prune some of the completely browned out leaves