Form 4: SSR Mining Director Acquires Deferred Share Units

SSR Mining Director Alan Krusi acquired 1,237 Deferred Share Units, increasing his total beneficial ownership to 122,131 DSUs.

Summary

• Alan Krusi, a Director of SSR Mining Inc. (SSRM), acquired 1,237 Deferred Share Units (DSUs).
• This transaction increased his total beneficial ownership of DSUs to 122,131.
• Each DSU represents the right to receive the cash value of one Common Share of SSR Mining at the time of settlement.
• DSUs are earned upon grant and are settled upon the Reporting Person's retirement from the Issuer's Board of Directors.
• The DSUs were granted and became exercisable on January 1, 2026, with the Form 4 signed and filed on January 5, 2026.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing reports a routine insider transaction (grant of DSUs) which aligns director interests with shareholders, but does not contain new operational or financial performance data.

Positives

• Increased alignment of a director's interests with shareholders through additional equity-linked compensation.
• The grant of DSUs is a common form of non-cash compensation for directors, indicating ongoing commitment to the company.

Future Outlook

The DSUs will be settled upon the reporting person's retirement from the Board of Directors, linking future compensation to continued service.

Industry Context

Insider transactions like DSU grants are standard practice in the mining industry and broader corporate landscape for director compensation, aiming to align leadership interests with long-term company performance.

Comparison to Industry Standards

• The grant of Deferred Share Units (DSUs) as part of director compensation is a common practice across various industries, including mining, for companies like Barrick Gold (GOLD), Newmont (NEM), and Agnico Eagle Mines (AEM).
• DSUs typically vest immediately upon grant but are settled upon the director's departure, a structure consistent with corporate governance best practices to encourage long-term commitment and align interests with shareholders.
• The specific number of DSUs granted (1,237) would need to be benchmarked against SSR Mining's overall compensation philosophy and peer group director compensation packages to assess its relative size, but the mechanism itself is standard.

Corporate Governance

Related Party Transactions

• The DSU grant is a transaction between the company and a director, which is a standard compensation mechanism disclosed as a related-party transaction.

Stakeholder Impact

• Shareholders: Increased alignment of director's long-term interests with shareholder value.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• The DSUs will be settled upon Alan Krusi's retirement from the SSR Mining Board of Directors.

Key Dates

Recommendation

This Form 4 filing reports a routine grant of Deferred Share Units to a director, which is a standard compensation practice and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It primarily indicates ongoing director alignment with shareholder interests.

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Deferred Share Units, DSU, Director Compensation, Equity Ownership, Alan Krusi