Form 4: SSR Mining Executive Russell Farnsworth Reports Share Disposals for Tax Obligations

Russell Farnsworth, Chief Accounting Officer of SSR Mining Inc., reports disposing of common shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 7, 2024, Russell Farnsworth, the Chief Accounting Officer of SSR Mining Inc., disposed of 642 common shares at a price of $4.51 and 854 common shares at a price of $4.52.
• These transactions were executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following these disposals, Farnsworth beneficially owns 15,369 common shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of share disposals for tax purposes, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, specifically the disposal of shares to cover tax obligations. It's a common practice among executives who receive equity compensation.

Stakeholder Impact

• The share disposals by an executive may have a minor, short-term impact on the stock price, but are unlikely to significantly affect long-term shareholder value.

Key Dates