Form 4: SSR Mining Executive Russell Farnsworth Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Russell Farnsworth, Chief Accounting Officer of SSR Mining Inc., disposed of 1,265 common shares on October 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On October 1, 2024, Russell Farnsworth, the Chief Accounting Officer of SSR Mining Inc., disposed of 1,265 common shares.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The shares were withheld at a price of $5.74 per share.
- Following the transaction, Farnsworth beneficially owns 39,849 common shares of SSR Mining Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes. It doesn't indicate any fundamental change in the company's prospects or insider confidence.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the stock's price and investor confidence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of the transaction where 1,265 common shares were disposed of. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
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