SSR Mining (SSRM) CFO details stock units and tax withholding in Form 4/A filing
Rhea-AI Filing Summary
SSR Mining Inc.'s Chief Financial Officer, Michael J. Sparks, reported equity compensation and related tax withholding transactions dated 01/01/2026. He received 24,603 restricted share units, each representing a right to one common share, vesting in three equal installments beginning on January 1, 2027. In connection with vesting of restricted stock units, 11,645 common shares were withheld at USD $21.02 per share to satisfy tax obligations.
Following these transactions, Sparks beneficially owned 310,660 common shares directly. He also was granted 24,603 performance share units, which entitle him to a cash payment in the first quarter of 2029 based on achievement of specified performance criteria and continued service through the vesting date.
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FAQ
What insider transaction did SSR Mining (SSRM) report for its CFO?
SSR Mining Inc.'s Chief Financial Officer, Michael J. Sparks, reported equity compensation transactions dated 01/01/2026, including grants of restricted share units and performance share units, as well as shares withheld to cover tax obligations on vested restricted stock units.
How many restricted share units did the SSRM CFO receive and how do they vest?
The CFO received 24,603 restricted share units, each representing a contingent right to one common share. This grant vests in three equal installments beginning on January 1, 2027, with shares issued on the vesting dates when restrictions lapse.
Why were 11,645 SSR Mining shares withheld and at what price?
11,645 common shares were withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. These shares were withheld at a price of USD $21.02 per share.
How many SSR Mining common shares does the CFO own after these transactions?
After the reported transactions, Chief Financial Officer Michael J. Sparks beneficially owned 310,660 common shares of SSR Mining Inc., held directly.
What performance share units were reported by the SSRM CFO and how are they settled?
The CFO reported 24,603 performance share units. These units provide a contingent right to receive a cash payment from the company in the first quarter of 2029, with the amount determined under the governing plan based on specified performance criteria and subject to continued service through the vesting date.
Does each restricted share unit reported by SSR Mining’s CFO equal one common share?
Yes. Each restricted share unit represents a contingent right to receive one common share of SSR Mining Inc. upon vesting, at which time the vested shares are issued and related restrictions lapse.