SSR Mining (SSRM) CFO logs PSU cash redemption and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SSR Mining Inc. Chief Financial Officer Michael John Sparks reported routine equity compensation-related transactions. Performance share units covering 32,937 underlying common shares were disposed of to the issuer for a cash payment upon completion of their performance period. In a separate transaction, 3,204 common shares were withheld at a price of $28.84 to satisfy tax obligations tied to the vesting of restricted stock units. Following these events, Sparks directly holds 307,456 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sparks Michael John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units | 32,937 | $13.97 | $460K |
| Tax Withholding | Common Shares | 3,204 | $28.84 | $92K |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct);
Common Shares — 307,456 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 insider transactions did SSRM CFO Michael John Sparks report?
Michael John Sparks reported two compensation-related transactions: disposal of performance share units for a cash payment and withholding of common shares to cover tax obligations on vesting restricted stock units. These are routine administrative events rather than open-market trades.
Were the SSRM CFO’s reported transactions open-market stock sales or purchases?
No open-market sales or purchases were reported. The filing shows a disposition of performance share units to the issuer for cash and shares withheld to pay taxes on vesting restricted stock units, both routine equity compensation mechanics.