SSR Mining (SSRM) CFO discloses new share units and tax share withholding
Rhea-AI Filing Summary
SSR Mining Inc.'s Chief Financial Officer, Michael J. Sparks, reported equity-related transactions. On January 1, 2026, 12,522 common shares were withheld to cover tax obligations tied to vesting restricted stock units at a price of USD $21.02 per share. On the same date, he received a grant of 23,809 restricted share units, each representing a right to one common share upon vesting. These restricted units vest in three equal installments beginning on January 1, 2027, with shares delivered on each vesting date. He also holds 23,809 performance share units, which provide a contingent right to a cash payment in the first quarter of 2029, based on achievement of specified performance criteria and continued service. Following these transactions, he beneficially owns 308,989 common shares directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 23,809 | $0.00 | -- |
| Tax Withholding | Common Shares | 12,522 | $21.02 | $263K |
| Grant/Award | Common Shares | 23,809 | $0.00 | -- |
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 $21.02. Each restricted share unit represents a contingent right to receive one of the Issuer's Common Shares upon vesting. The restricted stock unit grant vests in three equal installments beginning on January 1, 2027. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse. Each restricted share unit represents a contingent right to receive one of the Issuer's Common Shares upon vesting. These performance share units represent a contingent right to receive a cash payment from the Issuer in the first quarter of 2029 in an amount determined pursuant to the plan governing such units based on achievement of specified performance criteria over the applicable performance period and subject to continued service through the vesting date.