Form 4: SSR Mining Director Acquires Deferred Share Units
SEC Form 4 Filing
Thomas R. Bates Jr., a director of SSR Mining Inc., acquired 4,635 deferred share units on October 1, 2024.
Summary
- On October 1, 2024, Thomas R. Bates Jr., a director of SSR Mining Inc., acquired 4,635 deferred share units.
- Each deferred share unit (DSU) represents the right to receive the cash value of a Common Share of the Issuer at the time of settlement.
- DSUs are earned upon grant and settled upon the Reporting Person's retirement from the Issuer's Board of Directors.
- Following the transaction, Bates directly owns 113,114 deferred share units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a director's acquisition of deferred share units. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The acquisition of deferred share units by a director aligns their interests with those of shareholders, as the value of the units is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of 4,635 deferred share units |
| 10/03/2024 | Date of signature for the Form 4 filing |
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