SSR Mining officer reports tax share withholding
SSR Mining Inc. Chief Strategy Officer Farid Fady Adel Edward reported routine share-related transactions.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units | 33,547 | $13.97 | $469K |
| Exercise Price or Tax Liability | Common Shares | 3,991 | $28.72 | $115K |
Footnotes (3)
- F1. Represents shares withheld to satisfy tax withholding obligations with respect to the vesting of restricted stock units.
- F2. Shares withheld at a price of USD $28.72.
- F3. 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
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What insider transactions did SSRM executive Farid Edward report on this Form 4?
Does this SSRM Form 4 indicate bullish or bearish trading by the executive?
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