4/A: CFO Michael Sparks Amends SSRM Stock Holdings

SSR Mining's CFO, Michael Sparks, amended his beneficial ownership, reporting the acquisition of restricted and performance share units and the disposition of shares for tax obligations.

Summary

• Michael Sparks, Chief Financial Officer of SSR Mining Inc. (SSRM), filed an amendment to his beneficial ownership statement (Form 4/A).
• On January 1, 2026, Sparks acquired 24,603 common shares through restricted share units (RSUs) at a price of $0. These RSUs represent a contingent right to receive common shares upon vesting.
• The acquired RSUs are scheduled to vest in three equal installments, commencing on January 1, 2027, at which point all restrictions on the vested shares will lapse.
• Concurrently, 11,645 common shares were disposed of at a price of $21.02 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Sparks also acquired 24,603 performance share units (PSUs) at a price of $0 on January 1, 2026. These PSUs represent a contingent right to receive a cash payment in the first quarter of 2029.
• The cash payment for PSUs will be determined based on the achievement of specified performance criteria over the applicable performance period and is subject to continued service through the vesting date.
• Following these reported transactions, Michael Sparks' direct beneficial ownership of common shares stands at 310,660.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, including the acquisition of equity awards and shares withheld for tax purposes. These are standard events and do not indicate a significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The acquisition of 24,603 restricted share units (RSUs) at a price of $0 aligns the Chief Financial Officer's interests with long-term shareholder value.
• The acquisition of 24,603 performance share units (PSUs) at a price of $0, tied to specific performance criteria and continued service, further incentivizes management to achieve company goals.

Negatives

• The disposition of 11,645 common shares at $21.02 was solely to satisfy tax withholding obligations related to RSU vesting, which is a routine event and not indicative of a negative outlook or divestment.

Future Outlook

The future outlook includes the vesting of restricted share units in three equal installments beginning January 1, 2027, and the potential cash payment for performance share units in the first quarter of 2029, contingent on performance criteria and continued service.

Industry Context

This filing represents a routine disclosure of executive compensation and insider transactions, common across publicly traded companies. The use of restricted and performance share units is a standard practice in executive compensation packages to align management incentives with long-term company performance and shareholder interests.

Related Party Transactions

• Acquisition of 24,603 restricted share units (RSUs) and 24,603 performance share units (PSUs) by Chief Financial Officer Michael Sparks as part of his compensation package.
• Disposition of 11,645 common shares by Chief Financial Officer Michael Sparks to satisfy tax withholding obligations related to RSU vesting.

Stakeholder Impact

• Shareholders: The equity awards align the Chief Financial Officer's interests with shareholder value and long-term company performance.
• Employees (specifically the CFO): The compensation structure provides incentives for continued service and achievement of performance targets.

Next Steps

• Vesting of restricted share units (RSUs) in three equal installments, starting January 1, 2027.
• Potential cash payment for performance share units (PSUs) in the first quarter of 2029, subject to performance criteria and continued service.

Key Dates

Keywords

SSR Mining, SSRM, Insider Transaction, Form 4/A, Executive Compensation, Restricted Share Units, Performance Share Units, Stock Ownership, CFO