4/A: SSR Mining EVP Thomopoulos Reports Equity Grant, Tax Sale

SSR Mining's EVP of Human Resources, Joanne Thomopoulos, reported the acquisition of restricted and performance share units and a sale of shares for tax obligations.

Summary

• Joanne Thomopoulos, EVP, Human Resources at SSR Mining Inc. (SSRM), reported changes in her beneficial ownership of company securities.
• On January 1, 2026, Thomopoulos acquired 15,873 Common Shares in the form of Restricted Share Units (RSUs) at a price of $0, which vest in three equal installments starting January 1, 2027.
• Also on January 1, 2026, 5,659 Common Shares were disposed of at a price of $21.02 to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Thomopoulos directly beneficially owns 105,534 Common Shares.
• Additionally, 15,873 Performance Share Units (PSUs) were acquired on January 1, 2026, which represent a contingent right to a cash payment in Q1 2029 based on performance criteria and continued service.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it reports routine executive compensation and tax-related transactions. The grant of equity incentives is generally positive for aligning management with shareholder interests, but the tax-related sale is a neutral, administrative event.

Positives

• The grant of 15,873 Restricted Share Units (RSUs) and 15,873 Performance Share Units (PSUs) aligns executive compensation with company performance and long-term shareholder value.
• RSUs vest in three equal installments beginning January 1, 2027, providing a clear incentive for continued service.
• PSUs offer a contingent cash payment in Q1 2029, tied to specific performance criteria, further incentivizing strong company results.

Negatives

• The disposition of 5,659 Common Shares at $21.02 to cover tax withholding obligations represents a reduction in direct share ownership by the EVP.

Risks

• The value of the Restricted Share Units (RSUs) is contingent on the future market price of SSR Mining's Common Shares at the time of vesting.
• The payout for Performance Share Units (PSUs) is contingent on the achievement of specified performance criteria and the reporting person's continued service through the vesting date, introducing uncertainty regarding the final value.

Future Outlook

The reporting person's future compensation includes contingent rights to SSR Mining Common Shares through Restricted Share Units vesting in installments starting January 1, 2027, and a cash payment from Performance Share Units in Q1 2029, subject to performance criteria and continued service.

Management Comments

• The filing is a standard regulatory disclosure and does not contain direct management quotes, but the transactions reflect the company's executive compensation plan.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting executive compensation practices. It does not provide specific insights into broader industry trends in the mining sector but indicates ongoing executive incentive alignment.

Comparison to Industry Standards

• The use of Restricted Share Units (RSUs) and Performance Share Units (PSUs) as part of executive compensation is a common practice in the mining industry and across various sectors, aligning executive interests with long-term shareholder value.
• The structure of vesting over multiple years for RSUs and performance-based payouts for PSUs is consistent with best practices for executive incentive plans, similar to those observed in peer companies within the precious metals and base metals mining sectors.

Stakeholder Impact

• Shareholders: Minor potential dilution from RSU/PSU grants, but also improved alignment of executive incentives with long-term company performance.
• Employees (specifically Joanne Thomopoulos): Direct impact on personal compensation and equity holdings, providing long-term incentives.

Next Steps

• The first installment of Restricted Share Units (RSUs) will vest on January 1, 2027.
• The Performance Share Units (PSUs) are expected to result in a cash payment in the first quarter of 2029, contingent on performance criteria.

Key Dates

Keywords

SSR Mining, SSRM, Form 4/A, Insider Trading, Beneficial Ownership, Restricted Share Units, Performance Share Units, Executive Compensation, Equity Grant, Tax Withholding