Form 4: SSR Mining Executive Chairman Rodney Antal Redeems Performance Share Units for Cash

Rodney Antal, Executive Chairman of SSR Mining Inc., redeemed 91,579 Performance Share Units for a cash payment of $7.26 per unit on March 15, 2024.

Summary

• On March 15, 2024, Rodney Antal, the Executive Chairman of SSR Mining Inc., redeemed 91,579 Performance Share Units.
• The units were redeemed for a cash payment of $7.26 per unit.
• The redemption occurred upon completion of the performance period applicable to the units, in accordance with the terms of the governing plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an executive's compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects standard executive compensation practices within the mining industry, where performance-based equity awards are common to align executive interests with shareholder value.

Comparison to Industry Standards

• Performance share units are a common form of executive compensation in the mining industry, similar to companies like Newmont Corporation and Barrick Gold.
• These units typically vest based on the achievement of specific performance metrics, such as production targets, cost reductions, or safety improvements.
• The redemption of these units for cash is a standard practice upon the completion of the performance period and satisfaction of the vesting conditions.

Stakeholder Impact

• The redemption of performance share units has a minor impact on shareholders as it represents a payout of previously awarded compensation.

Key Dates