4/A: SSR Mining Director Amends Beneficial Ownership Filing, Reports DSU Grant

SSR Mining Inc. Director Thomas R. Bates Jr. filed an amended Form 4, disclosing the acquisition of 2,217 deferred share units (DSUs) effective July 1, 2025.

Summary

• Thomas R. Bates Jr., a Director of SSR Mining Inc., filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment reports the acquisition of 2,217 Deferred Share Units (DSUs) by Mr. Bates.
• The transaction date for this DSU acquisition was July 1, 2025.
• Following this transaction, Mr. Bates beneficially owns a total of 121,798 DSUs.
• Each DSU represents the right to receive the cash value of one Common Share of SSR Mining Inc. 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 original Form 4 filing, which this document amends, was also filed on July 2, 2025.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a routine insider transaction report detailing an equity grant, which is generally viewed as a positive alignment of interests between management/directors and shareholders. No negative financial or operational news is present.

Positives

• The grant of Deferred Share Units to a director aligns the director's long-term interests with those of shareholders, as DSUs are settled upon retirement and their value is directly tied to the company's common share price performance.

Risks

• The value of the Deferred Share Units is directly tied to the future performance of SSR Mining's common shares, meaning a decline in the company's share price would reduce the ultimate cash value received from these units.

Future Outlook

The settlement of the Deferred Share Units is tied to the reporting person's retirement from the Board of Directors, indicating a long-term incentive structure designed to align the director's interests with the company's sustained performance.

Industry Context

Equity grants like Deferred Share Units are a common form of executive and director compensation in the mining industry, aiming to align leadership interests with long-term shareholder value. This practice is consistent with broader corporate governance trends in publicly traded companies, where performance-based equity awards are prevalent.

Comparison to Industry Standards

• The grant of DSUs as a form of long-term incentive compensation for directors is a standard practice across various industries, including the mining sector.
• Major mining companies such as Barrick Gold (GOLD), Newmont (NEM), and Agnico Eagle Mines (AEM) also utilize similar equity-based compensation plans to retain and incentivize their leadership, linking their compensation to the company's stock performance over time.
• The specific number of units granted would typically be benchmarked against peer group compensation data, though such comparative data is not provided in this filing.

Stakeholder Impact

• Shareholders: The grant of DSUs aligns the director's long-term interests with shareholder value, as the value of the units is directly tied to the company's share price performance.

Next Steps

• The Deferred Share Units will be settled upon the reporting person's retirement from the Issuer's Board of Directors.

Key Dates

Keywords

SSR Mining, SSRM, SEC Form 4/A, Beneficial Ownership, Insider Transaction, Deferred Share Units, DSU, Director Compensation, Equity Grant, Thomas R. Bates Jr.