Form 4: SSR Mining Director Kay G. Priestly Increases Equity Holdings with Deferred Share Unit Grant

SSR Mining Director Kay G. Priestly has acquired 926 Deferred Share Units, increasing her total beneficial ownership to 59,870 units, aligning her interests with shareholders.

Summary

• Kay G. Priestly, a Director of SSR Mining Inc. (SSRM), acquired 926 Deferred Share Units (DSUs).
• The transaction occurred on July 1, 2025.
• Following this acquisition, Ms. Priestly beneficially owns a total of 59,870 DSUs.
• 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.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Share Units by a director is generally viewed positively as it aligns the director's interests with those of shareholders, indicating confidence and commitment to the company's long-term performance.

Positives

• Director Kay G. Priestly acquired 926 Deferred Share Units, increasing her equity-linked holdings in SSR Mining.
• The acquisition of DSUs aligns the director's financial interests with those of the company's shareholders, as the value of DSUs is tied to the common share price.
• The increase in beneficial ownership to 59,870 DSUs demonstrates continued commitment from a board member.

Future Outlook

Deferred Share Units are designed to be settled upon the Reporting Person's retirement from the Issuer's Board of Directors, linking future payout to the company's share performance at that time.

Industry Context

The acquisition of Deferred Share Units by a director is a common form of executive and director compensation in the mining industry, aiming to align the interests of leadership with long-term shareholder value. This practice is consistent across various sectors for incentivizing long-term commitment and performance.

Comparison to Industry Standards

• The grant of Deferred Share Units (DSUs) as part of director compensation is a standard practice across publicly traded companies, including those in the mining sector, to align director interests with long-term shareholder value.
• The specific number of units granted (926) and the total beneficial ownership (59,870 DSUs) would typically be evaluated against peer companies like Barrick Gold Corporation (GOLD), Newmont Corporation (NEM), or Agnico Eagle Mines Limited (AEM) to assess the competitiveness and structure of director compensation, though this document does not provide enough detail for such a comparative analysis.
• The settlement mechanism, where DSUs are settled upon retirement, is a common feature designed to encourage long-term commitment and discourage short-term decision-making.

Related Party Transactions

• The acquisition of Deferred Share Units by Director Kay G. Priestly represents a transaction with a related party (an insider), which is a standard component of director compensation and is disclosed as required by SEC regulations.

Stakeholder Impact

• Shareholders: Potentially positive, as the director's increased equity-linked holdings align her interests with shareholder value creation.

Next Steps

• The Deferred Share Units will be settled upon Kay G. Priestly's retirement from SSR Mining's Board of Directors.

Key Dates

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Director Compensation, Deferred Share Unit, DSU, Equity Holdings, Beneficial Ownership, Corporate Governance