Form 4: SSR Mining Executive Farid Edward Farid Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Fady Adel Edward Farid, Chief Strategy Officer of SSR Mining Inc., disposed of 10,395 common shares on October 1, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 1, 2024, Fady Adel Edward Farid, the Chief Strategy Officer of SSR Mining Inc., sold 10,395 common shares.
- The shares were disposed of to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The transaction was executed at a price of $5.75 USD per share.
- Following the transaction, Farid directly owns 213,319 common shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of the transaction where 10,395 common shares were disposed of. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
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