4/A: SSR Mining Director Simon Fish Increases Equity Holdings with Deferred Share Unit Grant

SSR Mining Inc. Director Simon Adrian Fish acquired 4,535 Deferred Share Units, increasing his total holdings to 138,171 DSUs, which are settled in cash upon his retirement from the board.

Summary

• Simon Adrian Fish, a Director of SSR Mining Inc. (SSRM), acquired 4,535 Deferred Share Units (DSUs).
• The transaction date for this acquisition was July 1, 2025.
• Following this acquisition, Simon Adrian Fish's total direct beneficial ownership of DSUs increased to 138,171.
• 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.

Sentiment

Score: 6

Explanation: The document reports a routine equity compensation grant to a director, which is a neutral to slightly positive event as it aligns director interests with long-term company performance. There are no negative financial implications or significant risks disclosed.

Positives

• The grant of Deferred Share Units aligns the director's interests with long-term shareholder value, as DSUs are settled upon retirement.
• Increased DSU holdings for a director can signal continued commitment to the company.

Negatives

• No immediate cash inflow for the director from the DSU grant, as settlement occurs upon retirement.

Risks

• The value of the DSUs at settlement is dependent on the future cash value of SSR Mining Inc. Common Shares, exposing the director to market price fluctuations.

Future Outlook

Deferred Share Units granted to the director will be settled in cash upon his retirement from the Issuer's Board of Directors, linking future compensation to the company's share performance at that time.

Management Comments

• Each deferred share unit ("DSU") 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 filing represents a routine equity compensation grant for a director in the mining industry, a common practice to align executive and board interests with long-term company performance and shareholder value. Such grants are standard across various industries, including mining, to retain talent and incentivize long-term commitment.

Comparison to Industry Standards

• The grant of Deferred Share Units (DSUs) as a form of equity compensation for directors is a common practice across publicly traded companies, including those in the mining sector, aligning director incentives with long-term shareholder value.
• The structure of DSUs, which settle upon retirement, is a standard mechanism for deferred compensation, seen in companies like Barrick Gold (GOLD) or Newmont Corporation (NEM) for their non-executive directors, ensuring long-term commitment.
• The specific number of DSUs granted (4,535) and the total holdings (138,171) would typically be evaluated against peer companies' director compensation packages, considering company size, performance, and director responsibilities, though specific peer 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 DSUs is tied to the company's share price performance.
• Employees: No direct impact on general employees is indicated by this director compensation filing.

Next Steps

• Settlement of the Deferred Share Units will occur upon Simon Adrian Fish's retirement from the SSR Mining Inc. Board of Directors.

Key Dates

Recommendation

Keywords

SSR Mining, SSRM, Simon Adrian Fish, Deferred Share Units, DSU, Equity Compensation, Director Compensation, Insider Transaction, SEC Form 4, Beneficial Ownership, Mining Industry