SSR Mining (SSRM) director Thomas R. Bates granted 1,238 DSUs
Rhea-AI Filing Summary
SSR Mining Inc. director Thomas R. Bates reported receiving a new equity-linked award in the form of deferred share units. On 01/01/2026, he acquired 1,238 deferred share units (DSUs), each tied to the value of one common share of SSR Mining. The DSUs were recorded at a price of $0, reflecting that they are a form of director compensation rather than a market purchase. Following this grant, Bates beneficially owns 124,185 derivative securities in the form of DSUs on a direct basis.
Each DSU represents the right to receive the cash value of one common share of SSR Mining when the award is settled. According to the disclosure, DSUs are earned when granted and are settled upon Bates’s retirement from the company’s Board of Directors, aligning his compensation with the company’s share value over time.
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FAQ
What insider transaction did SSR Mining (SSRM) disclose for Thomas R. Bates?
SSR Mining disclosed that director Thomas R. Bates acquired 1,238 deferred share units (DSUs) on 01/01/2026 as part of his director compensation.
How many SSR Mining deferred share units does Thomas R. Bates now beneficially own?
After the reported transaction, Thomas R. Bates beneficially owns 124,185 derivative securities, consisting of deferred share units related to SSR Mining common shares, held directly.
What does each deferred share unit (DSU) for SSR Mining (SSRM) represent?
Each deferred share unit represents the right to receive the cash value of one SSR Mining common share at the time of settlement.
When are the SSR Mining deferred share units for Thomas R. Bates settled?
The disclosure states that SSR Mining DSUs are earned upon grant and are settled upon the reporting person’s retirement from the company’s Board of Directors.
Was cash paid for the SSR Mining deferred share units reported in this transaction?
No cash price was paid for the award; the DSUs were recorded at a price of $0, indicating they were granted as compensation rather than purchased in the market.
What type of security underlies the SSR Mining (SSRM) deferred share units?
The deferred share units are linked to SSR Mining common shares, with 1,238 common shares underlying the 1,238 DSUs granted in this transaction.