Form 4: SSR Mining Director Brian Booth Acquires Deferred Share Units

SSR Mining Inc. Director Brian R. Booth acquired 926 Deferred Share Units (DSUs) on July 1, 2025, increasing his total beneficial ownership to 88,337 DSUs.

Summary

• Brian R. Booth, a Director of SSR Mining Inc. (SSRM), acquired 926 Deferred Share Units (DSUs).
• The transaction date for the acquisition was July 1, 2025.
• Following this acquisition, Brian R. Booth beneficially owns a total of 88,337 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 transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The filing indicates a routine, positive event of a director acquiring equity compensation, aligning interests with shareholders. No negative information is present.

Positives

• The acquisition of 926 Deferred Share Units by a director aligns management's interests with shareholders, fostering a long-term perspective.
• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-arranged and systematic approach to equity compensation, which can reduce concerns about opportunistic trading.

Future Outlook

The filing reports the acquisition of Deferred Share Units by a director. The DSUs are earned upon grant and will be settled upon the reporting person's retirement from the Board, representing a long-term incentive for continued service.

Industry Context

This Form 4 filing reflects a standard practice of executive and director compensation in the mining industry, where equity-based incentives like DSUs are used to align the interests of leadership with long-term shareholder value. Such grants are common across publicly traded companies, including those in the resource sector, to retain talent and incentivize performance.

Comparison to Industry Standards

• The grant of Deferred Share Units (DSUs) as part of director compensation is a common practice across the mining industry and broader corporate landscape.
• Companies like Barrick Gold (GOLD), Newmont (NEM), and Agnico Eagle Mines (AEM) also utilize various forms of equity-based compensation, including restricted stock units (RSUs) and performance share units (PSUs), to incentivize their directors and executives.
• The specific structure of DSUs, which settle upon retirement, is a long-term retention mechanism, comparable to similar long-term incentive plans seen in peer companies aimed at fostering sustained commitment and alignment with shareholder interests.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity ownership.
• Management/Directors: Receipt of equity compensation as part of their remuneration package.

Next Steps

• Settlement of Deferred Share Units upon Brian R. Booth's retirement from the SSR Mining Inc. Board of Directors.

Key Dates

Recommendation

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Deferred Share Units, DSU, Director Compensation, Equity Compensation, Rule 10b5-1, Brian R. Booth