SSR Mining (SSRM) CAO uses 1,397 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Accounting Officer Russell Farnsworth reported a routine tax-related share disposition. On April 1, 2026, 1,397 Common Shares were withheld at $31.62 per share to satisfy tax withholding obligations tied to vesting of restricted stock units. After this withholding, he directly owns 53,374 Common Shares, indicating the event reflects compensation and tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farnsworth Russell
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 1,397 | $31.62 | $44K |
Holdings After Transaction:
Common Shares — 53,374 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
Tax-withheld shares: 1,397 shares
Withholding price: $31.62 per share
Post-transaction holdings: 53,374 shares
3 metrics
Tax-withheld shares
1,397 shares
Common Shares withheld on April 1, 2026
Withholding price
$31.62 per share
Value used for withheld shares
Post-transaction holdings
53,374 shares
Common Shares directly owned after transaction
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Chief Accounting Officer
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
"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.
Chief Accounting Officer financial
"officer_title: Chief Accounting Officer"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What did SSR Mining (SSRM) disclose in this Form 4 filing?
The filing shows SSR Mining’s Chief Accounting Officer had 1,397 Common Shares withheld on April 1, 2026 at $31.62 per share to cover tax obligations from restricted stock unit vesting.
Was the SSR Mining (SSRM) Form 4 transaction an open-market sale?
No. The 1,397-share transaction was a tax-withholding disposition, where shares were withheld to pay taxes on vested restricted stock units, not sold on the open market for investment purposes.
What triggered the tax-withholding disposition reported by SSR Mining (SSRM)?
The disposition was triggered by the vesting of restricted stock units. To cover associated tax withholding obligations, 1,397 Common Shares were withheld instead of the officer paying taxes in cash.