Form 4: SSR Mining Executive Boosts Equity Holdings

SSR Mining's EVP of Growth and Innovation, John Ebbett, reported an increase in beneficial ownership through new equity grants and a tax-related share disposition.

Summary

• John Ebbett, EVP, Growth and Innovation at SSR Mining Inc. (SSRM), reported transactions on January 1, 2026.
• Ebbett disposed of 10,226 common shares at a price of $21.02 per share to satisfy tax withholding obligations related to the vesting of restricted stock units, totaling $214,968.52.
• He acquired 19,444 restricted stock units (RSUs) at a price of $0, representing a contingent right to receive common shares upon vesting.
• These RSUs will vest in three equal installments, with the first installment beginning on January 1, 2027.
• Ebbett also acquired 19,444 performance share units (PSUs) at a price of $0, which represent a contingent right to a cash payment in the first quarter of 2029.
• The PSU payment is based on the achievement of specified performance criteria and continued service through the vesting date of January 1, 2029.
• Following these transactions, Ebbett beneficially owns 170,122 common shares directly and 19,444 performance share units directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the executive is increasing their overall equity exposure to the company through new grants, aligning their interests with shareholders, despite a routine tax-related disposition.

Positives

• The acquisition of 19,444 restricted stock units and 19,444 performance share units indicates continued executive compensation tied to company performance and long-term service.
• The increase in beneficial ownership (from 150,678 to 170,122 common shares, plus new derivative units) aligns management's interests with shareholders.

Negatives

• The disposition of 10,226 common shares, valued at $21.02 per share, reduces direct share ownership, although this is a standard practice for tax withholding on RSU vesting.

Risks

• The performance share units (PSUs) are contingent on the achievement of specified performance criteria, meaning the ultimate value or payout is not guaranteed if these criteria are not met.
• The cash payment for PSUs is also subject to continued service through the vesting date of January 1, 2029, posing a risk if employment ceases before then.

Future Outlook

The executive's future compensation includes the vesting of restricted stock units in three equal installments starting January 1, 2027, and a potential cash payment from performance share units in Q1 2029, contingent on performance criteria and continued service.

Industry Context

These transactions represent routine executive compensation activities, common across publicly traded companies, designed to align management incentives with long-term shareholder value creation in the mining industry.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) and performance share units (PSUs) as components of executive compensation is a standard practice in the mining sector and broader corporate landscape, aiming to incentivize long-term performance and retention.
• The tax withholding mechanism for RSU vesting is also a common and expected procedure for equity-based compensation.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with long-term company performance and shareholder value.
• Employees (specifically John Ebbett): Continued compensation through equity awards, subject to performance and service conditions.

Next Steps

• First installment of restricted stock units will vest on January 1, 2027.
• Performance share units will vest on January 1, 2029, with a potential cash payment in Q1 2029.

Key Dates

Keywords

SSR Mining, SSRM, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Share Units, Equity Grant, Beneficial Ownership, Form 4