Form 4: SSR Mining Inc. Executive Fady Adel Edward Farid Reports Acquisition of Common Shares and Performance Share Units
SEC Form 4 Filing
Fady Adel Edward Farid, Chief Strategy Officer of SSR Mining Inc., reports the acquisition of common shares and performance share units on January 1, 2025.
Summary
- On January 1, 2025, Fady Adel Edward Farid, Chief Strategy Officer of SSR Mining Inc., reported a transaction involving the acquisition of 74,033 common shares.
- These shares were acquired at a price of $0.
- Following the transaction, Farid directly owns 287,352 common shares.
- Farid also acquired 74,033 Performance Share Units (PSUs) which will convert to cash in Q1 2028 based on performance criteria.
- These PSUs also have a price of $0.
- The PSUs vest on 01/01/2028.
- The reporting person has appointed Jasmine Miller as attorney-in-fact.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of shares by an executive could be interpreted slightly positively, but it's not a strong indicator.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The performance share units represent a contingent right to receive a cash payment in the first quarter of 2028, based on the achievement of specified performance criteria.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership in a publicly traded company. It is standard practice for executives to receive and report changes in their holdings of company stock and related instruments.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction for common shares and performance share units acquisition |
| 01/03/2025 | Date of signature for the report |
| 01/01/2028 | Vesting date for Performance Share Units |
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