SSR Mining (SSRM) accounting chief logs cash PSU redemption and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Accounting Officer Russell Farnsworth reported routine equity award adjustments. He disposed of 7,528 Performance Share Units, which were redeemed for a cash payment upon completion of their performance period. In a separate transaction, 798 common shares were withheld at $28.84 per share to cover tax obligations on vested restricted stock units. After these dispositions, he directly holds 54,771 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Farnsworth Russell
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units | 7,528 | $13.97 | $105K |
| Tax Withholding | Common Shares | 798 | $28.84 | $23K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct);
Common Shares — 54,771 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 $28.84. Redeemed for a cash payment upon the completion of the performance period applicable to such units pursuant to, and in accordance with, the terms of the plan governing the award of such units.
FAQ
What did SSR Mining (SSRM) executive Russell Farnsworth report in this Form 4?
Russell Farnsworth reported routine compensation-related equity transactions. 7,528 Performance Share Units were redeemed for cash, and 798 common shares were withheld to satisfy tax obligations on vested restricted stock units, leaving him with 54,771 directly held common shares.
Were any open-market buys or sells of SSRM stock reported in this filing?
No open-market buys or sells were reported. The filing shows a disposition of Performance Share Units to the issuer for cash and a tax-withholding share disposition related to restricted stock unit vesting, both standard compensation mechanisms rather than market trades.
Do these SSRM Form 4 transactions indicate a change in the officer’s investment view?
The transactions appear compensation-related, not discretionary trades. They involve a cash redemption of performance units and share withholding for taxes on vesting, both typical administrative events, so they do not by themselves signal a change in the officer’s investment outlook.