Form 4: SSR Mining CFO's Equity Transactions Reported

SSR Mining's CFO, Michael John Sparks, reported the vesting of restricted stock units and the grant of performance share units, alongside shares withheld for tax obligations.

Summary

• Michael John Sparks, Chief Financial Officer of SSR Mining Inc. (SSRM), reported changes in his beneficial ownership of company securities.
• On January 1, 2026, 12,522 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.
• Concurrently, 23,809 common shares were acquired through the vesting of restricted stock units (RSUs) at a price of $0.
• The restricted stock unit grant is scheduled to vest in three equal installments, with the first installment beginning on January 1, 2027.
• Additionally, 23,809 performance share units (PSUs) were acquired at a price of $0, which represent a contingent right to receive a cash payment in the first quarter of 2029.
• The cash payment for PSUs is determined based on the achievement of specified performance criteria over the applicable performance period and continued service through the vesting date of January 1, 2029.
• Following these reported transactions, Mr. Sparks beneficially owns 308,989 common shares and 23,809 performance share units.

Sentiment

Score: 5

Explanation: The filing reports routine insider equity transactions related to compensation, which is a neutral event in terms of immediate company performance or outlook.

Positives

• The vesting of 23,809 restricted stock units (RSUs) at a price of $0 represents a direct equity award to the CFO, aligning management's interests with shareholder value.
• The grant of 23,809 performance share units (PSUs) ties a future cash payment to the achievement of specified performance criteria, incentivizing strong company performance.

Negatives

• 12,522 common shares were disposed of at $21.02 per share to cover tax withholding obligations, which is a reduction in direct share ownership.

Future Outlook

The restricted stock units are set to vest in three equal installments starting January 1, 2027. The performance share units are contingent on performance criteria and continued service through January 1, 2029, with an expected cash payment in the first quarter of 2029.

Industry Context

This filing details routine equity compensation for a senior executive, which is a common practice across publicly traded companies in the mining and other industries to attract, retain, and incentivize key management personnel by aligning their financial interests with long-term company performance and shareholder value.

Related Party Transactions

• The transactions represent equity compensation for the Chief Financial Officer, which is a standard form of related party compensation.

Stakeholder Impact

• Shareholders: The equity awards align the CFO's financial interests with the company's performance, potentially benefiting shareholders through improved long-term value creation.
• Employees: Standard executive compensation practices can influence overall compensation structures and morale within the company.

Next Steps

• Continued vesting of restricted stock units in equal installments starting January 1, 2027.
• Achievement of specified performance criteria for performance share units leading up to their vesting on January 1, 2029.
• Potential cash payment for performance share units in Q1 2029.

Key Dates

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Beneficial Ownership, Chief Financial Officer, Equity Compensation, Restricted Stock Units, Performance Share Units, Stock Vesting