Tax withholding reduces SSR Mining (SSRM) EVP share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. executive John Ebbett reported a compensation-related share withholding tied to equity vesting. On the transaction date, 6,152 common shares were disposed of at $31.62 per share to satisfy tax withholding obligations upon the vesting of restricted stock units, rather than through an open-market sale. After this tax-withholding event, he directly held 163,900 common shares of SSR Mining.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ebbett John
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 6,152 | $31.62 | $195K |
Holdings After Transaction:
Common Shares — 163,900 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 $31.62.
Key Figures
Shares withheld for taxes: 6,152 shares
Withholding price: $31.62 per share
Shares held after transaction: 163,900 shares
+1 more
4 metrics
Shares withheld for taxes
6,152 shares
Common shares withheld for tax obligations on RSU vesting
Withholding price
$31.62 per share
Price used for tax-withholding disposition of common shares
Shares held after transaction
163,900 shares
Direct common share holdings following tax withholding
Tax-withholding transactions
1 transaction, 6,152 shares
Summary of tax-withholding dispositions in this Form 4
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Form 4
4 terms
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 obligations financial
"Represents shares withheld to satisfy tax withholding obligations"
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 John Ebbett report on this Form 4?
John Ebbett reported a disposition of 6,152 SSR Mining common shares to cover tax obligations on vesting restricted stock units. The shares were withheld at $31.62 each, reflecting a compensation-related tax withholding event rather than an open-market trade.
What does transaction code F mean in the SSRM Form 4 filing?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover exercise price or tax liability. In this SSR Mining filing, it denotes shares withheld to satisfy John Ebbett’s tax withholding obligations on his restricted stock unit vesting.