Form 4: SSR Mining Director Increases DSU Holdings

SSR Mining Director Brian R. Booth acquired 1,149 Deferred Share Units, bringing his total beneficial ownership to 90,778 DSUs.

Summary

• Brian R. Booth, a Director of SSR Mining Inc. (SSRM), acquired 1,149 Deferred Share Units (DSUs) on October 1, 2025.
• This transaction increased his total beneficial ownership of DSUs to 90,778.
• 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 when the reporting person retires from the Issuer's Board of Directors.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their beneficial ownership, aligning interests with shareholders, though it's a routine compensation grant rather than an open market purchase.

Positives

• Director Brian R. Booth increased his beneficial ownership in the company through the acquisition of 1,149 Deferred Share Units.
• This aligns the director's interests with those of shareholders, as the value of DSUs is tied to the company's common share price.

Negatives

• No negative information was disclosed in this Form 4 filing.

Risks

• The value of the Deferred Share Units is subject to the future performance of SSR Mining Inc.'s common shares.
• Market fluctuations could impact the cash value received upon settlement of the DSUs.

Future Outlook

The Deferred Share Units are designed to provide future value to the director, settling upon his retirement from the Board of Directors, aligning long-term interests with company performance.

Management Comments

• Each deferred share unit 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.

Industry Context

This transaction reflects a common practice in the mining industry, where executive and director compensation often includes equity-linked instruments like Deferred Share Units to align leadership incentives with long-term shareholder value creation. Such grants are a standard component of compensation packages aimed at retaining experienced board members.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) as a component of director compensation is a standard practice across various industries, including the mining sector, for companies like Barrick Gold, Newmont, and Agnico Eagle Mines.
• DSUs are typically granted to align directors' long-term interests with shareholder value, similar to restricted stock units or stock options, which are prevalent in global benchmarks for executive compensation.
• The settlement upon retirement is a common feature of DSU plans, encouraging long-term commitment and stewardship.

Related Party Transactions

• The acquisition of Deferred Share Units by Director Brian R. Booth from SSR Mining Inc. constitutes a related party transaction, as it involves compensation provided by the company to a member of its board.

Stakeholder Impact

• Shareholders: May view the increased DSU holdings as a positive sign of director commitment and alignment with long-term shareholder interests.

Next Steps

• The Deferred Share Units will settle upon Brian R. Booth's retirement from SSR Mining Inc.'s Board of Directors.

Key Dates

Recommendation

This Form 4 filing reports a routine grant of Deferred Share Units to a director as part of their compensation. While it indicates alignment of interests, it is not an open market purchase and does not provide new fundamental information about the company's operations or financial performance that would warrant a change in investment recommendation. Investors should consider this as a standard corporate governance event rather than a strong buy or sell signal.

Keywords

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