SSR Mining (SSRM) CSO Farid Fady Adel Edward Receives Award

What Happened

• Farid Fady Adel Edward, Chief Strategy Officer of SSR Mining (SSRM), was granted equity awards on September 11, 2026. The filing shows 101 restricted share units (RSUs) acquired at $0.00 and three derivative awards of 107, 68 and 21 units (totaling 196) also listed at $0.00. Reported acquisition value at grant was $0.00.

Key Details

• Transaction date: September 11, 2026; Form 4 filed September 15, 2026.
• Grants and amounts: 101 RSUs (@ $0.00); 107, 68 and 21 performance/derivative units (@ $0.00 each). Total units granted = 297.
• Reported dollar value at grant: $0.00 (these are contingent/award units; cash or share value depends on vesting/performance).
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1: 101 units are dividend-equivalent RSUs that convert one-for-one into common shares upon vesting and require continued service.
  • F2/F4/F5: Performance share units are contingent rights to a cash payment in Q1 of 2027, 2028 or 2029 respectively, based on achievement of performance targets and continued service.
  • F3: Dividend-equivalent performance share units also vest subject to service.
• Filing timeliness: Form filed 4 days after the transactions; the filing does not indicate whether it was late per SEC timing rules.

Context

• These were awards/grants (code A) rather than open-market purchases or sales—so they do not reflect the insider buying or selling stock on the market.
• The RSUs convert to actual shares only upon vesting; the performance units are contingent and generally pay cash based on future performance periods (per the footnotes).
• Such equity awards are common for executive compensation and are subject to vesting and performance conditions; they do not necessarily indicate a change in the insider's sentiment about the stock.