Form 4: SSR Mining Executive Acquires Shares and Performance Units

John Ebbett, EVP of Growth and Innovation at SSR Mining, acquired 62,545 common shares and 62,545 performance share units on January 1, 2025.

Summary

• John Ebbett, an Executive Vice President at SSR Mining, acquired 62,545 common shares and 62,545 performance share units on January 1, 2025.
• The common shares were acquired through restricted share units that vest in three equal installments and convert to common shares upon vesting.
• The performance share units represent a contingent right to receive a cash payment in the first quarter of 2028, based on performance criteria and continued service.
• The restricted share units and performance share units were acquired at a price of $0.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation transaction, which is generally positive as it aligns management with shareholder interests. There are no negative implications.

Positives

• The acquisition of shares and performance units by a key executive demonstrates confidence in the company's future performance.
• The vesting schedule of the restricted share units aligns the executive's interests with the long-term success of the company.

Future Outlook

The performance share units will result in a cash payment in the first quarter of 2028 based on performance criteria.

Industry Context

This type of transaction is common for executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Comparison to Industry Standards

• The use of restricted share units and performance share units is a standard practice in the mining industry for executive compensation.
• Many companies such as Newmont, Barrick Gold, and AngloGold Ashanti use similar equity-based compensation plans to incentivize their executives.

Stakeholder Impact

• The acquisition of shares and performance units by a key executive can positively impact shareholder confidence.
• The vesting schedule of the restricted share units aligns the executive's interests with the long-term success of the company, which is beneficial for all stakeholders.

Key Dates

Keywords

SSR Mining, John Ebbett, share acquisition, performance share units, restricted share units, executive compensation, insider trading