4/A: SSR Mining Executive's Routine Equity Transactions

John Ebbett, EVP of Growth and Innovation at SSR Mining, reported routine equity transactions including tax-related share disposals and new restricted and performance share unit grants.

Summary

• John Ebbett, EVP, Growth and Innovation, reported transactions on January 1, 2026, as an amendment to an original filing from January 6, 2026.
• 10,226 common shares were disposed of at a price of $21.02 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• 21,428 restricted share units (RSUs) were acquired, representing a contingent right to receive one of the Issuer's Common Shares upon vesting.
• These RSUs are scheduled to vest in three equal installments, with the first vesting date on January 1, 2027.
• Additionally, 21,428 performance share units (PSUs) were acquired, representing a contingent right to a cash payment from the Issuer in the first quarter of 2029.
• The PSU payment amount will be determined based on the achievement of specified performance criteria over the applicable performance period and subject to continued service through the vesting date.
• Following these reported transactions, John Ebbett beneficially owns 172,106 direct common shares and 21,428 direct performance share units.

Sentiment

Score: 6

Explanation: Slightly positive due to the acquisition of new restricted and performance share units, indicating ongoing executive compensation and alignment, despite the routine tax-related share disposition.

Positives

• Acquisition of 21,428 restricted share units (RSUs) indicates ongoing equity compensation and continued alignment of executive incentives with company performance.
• Acquisition of 21,428 performance share units (PSUs) further ties executive compensation to future company performance and continued service through 2029.
• The executive's total beneficial ownership of common shares increased from 150,678 to 172,106 after accounting for tax withholding and the RSU acquisition.

Negatives

• Disposition of 10,226 common shares at $21.02 per share to satisfy tax withholding obligations, which reduces the executive's direct share count.

Future Outlook

The acquired restricted share units are scheduled to vest in three equal installments beginning January 1, 2027. The performance share units are contingent on achieving specified performance criteria and continued service, with a cash payment expected in the first quarter of 2029.

Industry Context

This filing represents a routine executive compensation disclosure, common across publicly traded companies, reflecting standard practices for aligning executive incentives with shareholder value through equity grants. It does not provide specific insights into broader industry trends for the mining sector.

Stakeholder Impact

• Shareholders: Minor dilution from new equity grants, but also increased alignment of executive incentives with shareholder interests.
• Employees: No direct impact on general employees, but reflects the company's executive compensation structure.
• Management: John Ebbett's compensation package is enhanced with new equity grants, tying his future earnings to company performance.

Next Steps

• Vesting of restricted share units in three equal installments starting January 1, 2027.
• Vesting of performance share units on January 1, 2029, followed by a cash payment in Q1 2029 based on performance criteria.

Key Dates

Keywords

SSR Mining, SSRM, John Ebbett, Form 4/A, SEC Filing, Insider Trading, Restricted Stock Units, Performance Share Units, Equity Compensation, Executive Compensation, Share Ownership