Form 4: SSR Mining Director Malchuk Acquires DSUs

SSR Mining Director Daniel Malchuk acquired 1,149 Deferred Share Units, increasing his beneficial ownership to 29,672 units.

Summary

• Daniel Malchuk, a Director of SSR Mining Inc., acquired Deferred Share Units (DSUs).
• The transaction occurred on October 1, 2025.
• He acquired 1,149 DSUs.
• Following this transaction, his total beneficial ownership of DSUs is 29,672.
• Each DSU represents the right to receive the cash value of a Common Share upon his retirement from the Issuer's Board of Directors.

Sentiment

Score: 7

Explanation: The filing indicates a routine grant of Deferred Share Units to a director, which is a positive sign of aligning management interests with long-term shareholder value. It's a standard compensation practice and not indicative of any immediate operational or financial changes.

Positives

• Director Daniel Malchuk increased his beneficial ownership in the company through the acquisition of 1,149 Deferred Share Units (DSUs).
• The DSU structure aligns the director's long-term interests with shareholder value, as units are settled upon retirement from the board.

Future Outlook

Deferred Share Units are designed to settle upon the reporting person's retirement from the Issuer's Board of Directors, linking long-term compensation to future company performance.

Industry Context

The use of Deferred Share Units (DSUs) is a common practice in the mining industry and broader corporate governance to align the interests of non-executive directors with long-term shareholder value. This mechanism encourages directors to focus on sustainable growth and performance, as their compensation is tied to the company's share price at the time of their retirement.

Comparison to Industry Standards

• The grant of Deferred Share Units (DSUs) to directors is a widely adopted compensation practice among publicly traded companies, including peers in the mining sector such as Barrick Gold, Newmont, and Agnico Eagle Mines.
• This structure is consistent with best practices in corporate governance, aiming to foster long-term alignment between director incentives and shareholder returns, as the value realized by the director is directly linked to the company's share price performance over their tenure.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with long-term shareholder value.

Next Steps

• Settlement of Deferred Share Units (DSUs) upon Daniel Malchuk's retirement from the Issuer's Board of Directors.

Key Dates

Recommendation

This Form 4 reports a routine grant of Deferred Share Units to a director, which is a standard compensation practice aimed at aligning director interests with long-term shareholder value. It does not contain information that would significantly alter the fundamental investment thesis for SSR Mining Inc., thus a 'hold' recommendation is appropriate for existing investors, while new investors should base decisions on broader company fundamentals and market conditions.

Keywords

SSR Mining, SSRM, Daniel Malchuk, Form 4, insider transaction, director compensation, deferred share units, DSU