SSR Mining (SSRM) CFO has 8,789 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Financial Officer Michael John Sparks reported a routine tax-withholding transaction related to equity compensation. On the vesting of restricted stock units, 8,789 common shares were withheld to cover tax obligations at a price of $31.62 per share. After this non-market, tax-related disposition, he directly holds 298,667 common shares of SSR Mining.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sparks Michael John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 8,789 | $31.62 | $278K |
Holdings After Transaction:
Common Shares — 298,667 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 tax: 8,789 shares
Withholding price: $31.62 per share
Shares held after transaction: 298,667 shares
3 metrics
Shares withheld for tax
8,789 shares
Tax withholding on RSU vesting, transaction code F
Withholding price
$31.62 per share
Value applied to withheld shares for tax obligations
Shares held after transaction
298,667 shares
Direct holdings by CFO after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Common Shares
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 with respect to the vesting"
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.
FAQ
What insider transaction did SSRM CFO Michael John Sparks report?
Michael John Sparks reported a tax-withholding disposition of 8,789 SSR Mining common shares. The shares were withheld to satisfy tax obligations on vesting restricted stock units, rather than sold in the open market, and were valued at $31.62 per share.
Was the SSRM CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 8,789 SSR Mining shares were withheld by the company to cover tax withholding obligations tied to vesting restricted stock units, a common administrative step for equity compensation, rather than a discretionary share sale.
What does the F code mean in the SSRM CFO’s Form 4 filing?
The F transaction code indicates a tax-withholding disposition, where shares are delivered to the issuer to satisfy tax or exercise obligations. For SSR Mining, it reflects 8,789 shares withheld from the CFO upon vesting of restricted stock units, not an open-market sale.