Form 4: SSR Mining Officer Reports Stock Transactions

SSR Mining's Chief Accounting Officer, Russell Farnsworth, reported the acquisition of restricted and performance share units and the disposition of shares for tax obligations.

Summary

• Russell Farnsworth, Chief Accounting Officer of SSR Mining Inc. (SSRM), filed a Form 4 detailing recent equity transactions.
• On January 1, 2026, 2,072 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.
• On January 1, 2026, 5,357 restricted share units (RSUs) were acquired. Each RSU represents a contingent right to receive one common share upon vesting, with vesting occurring in three equal installments beginning January 1, 2027.
• On January 1, 2026, 5,357 performance share units (PSUs) were acquired. These PSUs represent a contingent right to a cash payment in the first quarter of 2029, based on the achievement of specified performance criteria and continued service.
• Following these reported transactions, Russell Farnsworth directly beneficially owns 55,569 common shares and 5,357 performance share units.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting routine insider transactions related to executive compensation (grants of restricted and performance share units, and shares withheld for tax obligations). It does not contain information that would significantly alter the company's financial outlook or operational status.

Positives

• The acquisition of 5,357 restricted share units and 5,357 performance share units aligns the Chief Accounting Officer's incentives with the long-term performance of SSR Mining Inc.

Negatives

• The disposition of 2,072 common shares, valued at $21.02 per share, reduced direct beneficial ownership, although this was for tax withholding obligations related to compensation.

Risks

• The restricted share units are contingent rights and will only convert to common shares upon vesting, which occurs in three equal installments beginning January 1, 2027.
• The performance share units are contingent rights to a cash payment in Q1 2029, subject to the achievement of specified performance criteria and continued service through the vesting date.

Future Outlook

Restricted share units are scheduled to vest in three equal installments starting January 1, 2027. Performance share units are contingent on achieving specified performance criteria and continued service, with a potential cash payment in the first quarter of 2029.

Industry Context

This Form 4 details routine executive compensation transactions, which are common across publicly traded companies as a means to incentivize and retain key management personnel. The structure of equity grants, including restricted and performance share units, is a standard practice in executive compensation packages within the mining and broader corporate sectors.

Related Party Transactions

• Compensation-related equity grants (restricted share units and performance share units) and tax-related share dispositions for Chief Accounting Officer Russell Farnsworth.

Stakeholder Impact

• Shareholders: The grants of restricted and performance share units align the Chief Accounting Officer's interests with shareholder value creation, although they represent potential future dilution upon vesting.
• Employees: The compensation structure reflects standard executive incentive programs, which can influence overall employee compensation strategies and morale.

Next Steps

• Restricted share units will vest in three equal installments beginning January 1, 2027, at which time vested shares will be issued.
• Performance share units will be evaluated for achievement of specified performance criteria, leading to a potential cash payment in the first quarter of 2029.

Key Dates

Keywords

SSR Mining, SSRM, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Share Units, Chief Accounting Officer, Equity Grant