Form 4: SSR Mining CSO Reports Routine Stock Transactions

SSR Mining's Chief Strategy Officer, Fady Adel Edward Farid, reported the acquisition of restricted stock units and performance share units, alongside a disposition of shares for tax obligations.

Summary

• Fady Adel Edward Farid, Chief Strategy Officer of SSR Mining Inc., reported transactions on January 1, 2026.
• 13,203 common shares were disposed of at a price of $21.16 per share to satisfy tax withholding obligations related to restricted stock unit vesting.
• Following this disposition, Farid beneficially owned 246,206 common shares directly.
• Farid acquired 23,015 restricted share units (RSUs), representing a contingent right to receive common shares upon vesting.
• These RSUs will vest in three equal installments starting January 1, 2027.
• Farid also acquired 23,015 performance share units (PSUs), which represent a contingent right to receive a cash payment in the first quarter of 2029.
• The PSU payment is based on achieving specified performance criteria and continued service through the vesting date.
• After these transactions, Farid directly beneficially owned 269,221 common shares and 23,015 performance share units.

Sentiment

Score: 7

Explanation: The filing reflects routine executive compensation activities, including grants of equity awards and tax-related dispositions. The grants indicate continued executive incentive alignment and retention, which is generally positive, while the tax disposition is a neutral, expected event.

Positives

• Acquisition of 23,015 restricted share units (RSUs) as part of compensation, aligning executive interests with future company performance.
• Acquisition of 23,015 performance share units (PSUs) tied to future performance criteria and continued service, incentivizing long-term value creation.
• Increased direct beneficial ownership of common shares to 269,221 following the RSU grant, demonstrating continued executive stake in the company.

Negatives

• Disposition of 13,203 common shares valued at $21.16 per share to cover tax withholding obligations, which reduces direct shareholdings.

Future Outlook

The vesting schedules for the restricted share units (starting January 1, 2027) and the performance share units (expiring January 1, 2029, with cash payment in Q1 2029) indicate future compensation events tied to continued service and performance criteria.

Industry Context

This Form 4 filing details routine executive compensation and tax-related stock transactions, which are common practices across publicly traded companies, particularly in the mining sector, to align executive incentives with shareholder value and manage equity-based compensation.

Stakeholder Impact

• Shareholders: The grants of equity awards align the Chief Strategy Officer's interests with shareholder value creation, potentially fostering long-term performance.
• Employees (specifically the CSO): The equity and performance-based compensation provides incentives for continued service and achievement of company goals.

Next Steps

• Restricted share units will vest in three equal installments beginning on January 1, 2027.
• Vested restricted shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions will lapse.
• Performance share units represent a contingent right to receive a cash payment in the first quarter of 2029, subject to performance criteria and continued service.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation, including grants of restricted stock units and performance share units, and a disposition of shares for tax purposes. These are standard events for executive equity compensation and do not provide new material information that would significantly alter the investment thesis for SSR Mining. The grants align executive incentives with long-term company performance, which is a neutral to slightly positive factor, but not enough to warrant a change in recommendation based solely on this filing.

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Restricted Stock Units, Performance Share Units, Executive Compensation, Stock Ownership, Fady Adel Edward Farid, Chief Strategy Officer