Form 4: SSR Mining Executive Acquires Shares and Performance Units

Joanne Thomopoulos, EVP of Human Resources at SSR Mining, acquired 42,122 common shares and 42,122 performance share units on January 1, 2025.

Summary

• Joanne Thomopoulos, an Executive Vice President at SSR Mining, acquired 42,122 common shares and 42,122 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 on a one-for-one basis.
• 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.
• Following these transactions, Ms. Thomopoulos directly owns 102,617 common shares.

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 alignment with company performance and long-term goals.
• The vesting schedule of the restricted share units encourages continued service from the executive.

Future Outlook

The performance share units are tied to future performance criteria, suggesting a focus on long-term value creation.

Industry Context

This type of share and performance unit acquisition is common practice for executive compensation in publicly traded companies, aligning management interests with shareholder value.

Comparison to Industry Standards

• Many mining companies use a combination of restricted stock units and performance-based incentives to compensate their executives.
• The vesting schedule of three equal installments is a standard practice to ensure continued service.
• The performance share units tied to future performance are also a common method to align executive compensation with company goals.

Stakeholder Impact

• The share acquisition by an executive may be viewed positively by shareholders as it aligns management's interests with the company's performance.
• The performance-based compensation structure may incentivize the executive to drive long-term value creation.

Key Dates

Keywords

SSR Mining, executive compensation, share acquisition, performance share units, restricted share units, insider trading, Form 4