Executive at SSR Mining (SSRM) withholds 10,389 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Strategy Officer Farid Fady Adel Edward reported a routine tax-related share withholding. On the vesting of restricted stock units, 10,389 common shares were withheld to cover tax obligations at $32.21 per share. After this non-market transaction, he directly holds 255,635 common shares of SSR Mining.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farid Fady Adel Edward
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 10,389 | $32.21 | $335K |
Holdings After Transaction:
Common Shares — 255,635 shares (Direct)
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations with respect to the vesting of restricted stock units. Shares withheld at a price of USD $32.21.
Key Figures
Shares withheld for taxes: 10,389 shares
Withholding price: $32.21 per share
Shares held after transaction: 255,635 shares
3 metrics
Shares withheld for taxes
10,389 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price
$32.21 per share
Value used for tax-withholding disposition
Shares held after transaction
255,635 shares
Direct common share holdings after tax withholding
Key Terms
tax withholding obligations, restricted stock units, tax-withholding disposition, Form 4
4 terms
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations with respect to the vesting"
restricted stock units financial
"with respect to the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SSRM executive Farid Edward report?
Chief Strategy Officer Farid Edward reported a tax-related share withholding, where 10,389 common shares of SSR Mining were retained by the company to cover RSU tax obligations at $32.21 per share.