Sussman Jeremy R. 4
4 · Ramaco Resources, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ramaco (METC) CFO Jeremy Sussman Receives ~301K Shares
What Happened
Jeremy R. Sussman, Chief Financial Officer of Ramaco Resources, had multiple restricted and performance awards vest and convert into common stock on January 30, 2026. According to the Form 4, roughly 301,065 shares were issued/converted to him (including vested performance stock units and restricted stock units plus dividend equivalents). To satisfy tax withholding obligations, Sussman surrendered approximately 95,260 shares for cashless withholding at prices of $19.97 and $12.43, yielding about $1.79 million in proceeds/value. The Committee certified achievement of 200% of performance targets for the 2023–2025 performance period, causing additional PSUs to vest (65,631 Class A and 13,126 Class B).
Key Details
- Transaction date: January 30, 2026. Form filed Feb 2, 2026 (timely — within required business-day window).
- Primary codes: M = exercise/conversion of derivative (vest/convert); A = grant/award; F = shares surrendered to pay taxes.
- Approximate shares issued/converted: ~301,065 (includes PSUs, RSUs and dividend equivalents).
- Shares surrendered for tax withholding: ~95,260 shares, valued at about $1,785,872 (breakouts shown on the Form 4: 56,246 @ $19.97 = $1,123,233; 23,567 @ $19.97 = $470,633; 11,249 @ $12.43 = $139,825; 1,875 @ $12.43 = $23,306; 2,323 @ $12.43 = $28,875).
- Notable footnotes: Committee certified 200% performance (Footnote 1); 65,631 Class A and 13,126 Class B PSUs vested at 200% (F8, F10); dividend-equivalent shares and several RSU installments also vested (F3–F6, F11–F13). Shares were surrendered upon vesting to satisfy tax obligations (F2, F15).
- Shares owned after transaction: Not specified in the provided filing data.
Context
- This was compensation-related vesting/conversion (awards becoming shares) rather than an open-market purchase or voluntary sale. The combination of "M" (conversion/exercise) followed immediately by "F" (share surrender) indicates a cashless/ net-settlement-style withholding to cover taxes rather than a market-directed sale.
- These are routine executive compensation events; they do not necessarily indicate an independent buy/sell signal from the insider.
Insider Transaction Report
Form 4
Sussman Jeremy R.
CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Class A common stock
[F1][F8]2026-01-30+131,262→ 488,091 total - Tax Payment
Class A common stock
[F2]2026-01-30$19.97/sh−56,246$1,123,233→ 431,845 total - Exercise/Conversion
Class A common stock
[F3][F4][F5]2026-01-30+55,000→ 486,845 total - Tax Payment
Class A common stock
[F2]2026-01-30$19.97/sh−23,567$470,633→ 463,278 total - Exercise/Conversion
Class B common stock
[F1][F10][F6]2026-01-30+26,252→ 114,313 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−11,249$139,825→ 103,064 total - Exercise/Conversion
Class B common stock
[F3]2026-01-30+4,375→ 107,439 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−1,875$23,306→ 105,564 total - Exercise/Conversion
Class B common stock
[F13]2026-01-30+5,419→ 110,983 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−2,323$28,875→ 108,660 total - Exercise/Conversion
Performance Stock Units
[F7][F1]2026-01-30−65,631→ 0 total→ Class A common stock (65,631 underlying) - Award
Performance Stock Units
[F7][F1][F8]2026-01-30+65,631→ 65,631 total→ Class A common stock (65,631 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F1][F8]2026-01-30−65,631→ 0 total→ Class A common stock (65,631 underlying) - Exercise/Conversion
Performance Stock Units
[F9][F1]2026-01-30−13,126→ 0 total→ Class B common stock (13,126 underlying) - Award
Performance Stock Units
[F9][F1][F10]2026-01-30+13,126→ 13,126 total→ Class B common stock (13,126 underlying) - Exercise/Conversion
Performance Stock Units
[F9][F1][F10]2026-01-30−13,126→ 0 total→ Class B common stock (13,126 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F3]2026-01-30−21,877→ 0 total→ Class A common stock (21,877 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F4]2026-01-30−11,123→ 11,123 total→ Class A common stock (11,123 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F5]2026-01-30−22,000→ 43,998 total→ Class A common stock (22,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F12][F3]2026-01-30−4,375→ 0 total→ Class B common stock (4,375 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F13][F14]2026-01-30−5,419→ 0 total→ Class B common stock (5,419 underlying)
Footnotes (15)
- [F1]The performance stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 30, 2026 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the "Committee"). The Committee certified the achievement of pre-established performance targets at 200% for the performance period beginning on January 1, 2023 and ending on December 31, 2025. As a result of the Committee Certification, the vesting of additional performance stock units for 65,631 shares of Class A and 13,126 shares of Class B stock was approved.
- [F10]Amount includes 13,126 Performance Stock Units for Class B common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. Please see Footnote 1.
- [F11]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- [F12]Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
- [F13]Dividend equivalent units underlying the three tranches of restricted stock units and the tranche of performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 1, 3, 4 and 5 for further detail.
- [F14]See Footnote 6 for further detail regarding the stock dividends.
- [F15]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 29, 2026.
- [F2]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.
- [F3]The third and final installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 30, 2026.
- [F4]The second installment of restricted stock granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 30, 2026. One annual installment remains from this grant.
- [F5]The first installment of restricted stock units granted on February 24, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.
- [F6]As a result of the four common stock dividends paid in Class B common stock 1) declared on December 5, 2024 and paid on March 14, 2025, 2) declared on March 17, 2025 and paid on June 13, 2025, 3) declared on August 22, 2025 and paid on September 19, 2025, and 4) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 11,113 shares of Class B common Stock, which are included in the reported amount.
- [F7]Each performance stock unit represents a contingent right to receive one share of Class A common stock.
- [F8]Amount includes 65,631 Performance Stock Units for Class A common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. See Footnote 1.
- [F9]Each performance stock unit represents a contingent right to receive one share of Class B common stock.
Signature
/s/ Jonathan T Adkins, Attorney in Fact|2026-02-02