SSR Mining (SSRM) executive logs PSU cash redemption and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Strategy Officer Farid Fady Adel Edward reported routine share-related transactions. He disposed of 33,547 Performance Share Units to the issuer in connection with the completion of their performance period, which were redeemed for a cash payment under the award plan terms.
Separately, 3,991 common shares were withheld at $28.72 per share to cover tax obligations tied to vesting restricted stock units, rather than sold on the market. After these transactions, he directly holds 266,024 common shares, indicating these are compensation and tax events rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Farid Fady Adel Edward
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units | 33,547 | $13.97 | $469K |
| Tax Withholding | Common Shares | 3,991 | $28.72 | $115K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct);
Common Shares — 266,024 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 $28.72. 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 insider transactions did SSRM executive Farid Edward report on this Form 4?
Farid Edward reported a disposition of 33,547 Performance Share Units to SSR Mining and a withholding of 3,991 common shares for tax obligations. Both events are tied to equity compensation, not open-market buying or selling of SSRM shares.
Does this SSRM Form 4 indicate bullish or bearish trading by the executive?
The Form 4 mainly reflects compensation and tax mechanics, not directional trading. Performance Share Units were settled in cash to the issuer, and shares were withheld for taxes. No open-market purchases or sales were reported, so the filing is largely neutral in trading signal.