Form 4: SSR Mining CFO Michael Sparks Reports Share Disposal for Tax Obligations
SEC Form 4
Michael Sparks, CFO of SSR Mining Inc., disposed of 8,789 common shares on October 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On October 1, 2024, Michael Sparks, the Chief Financial Officer of SSR Mining Inc., reported a transaction involving the disposal of 8,789 common shares.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $5.74 USD.
- Following the transaction, Sparks directly owns 244,337 common shares of SSR Mining Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes. It doesn't indicate a change in the company's fundamentals or management's confidence.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not reflect a change in the CFO's overall holdings or confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Disposal of common shares to cover tax obligations. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
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