Blanchard Christopher L 4
4 · Ramaco Resources, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ramaco (METC) EVP Christopher Blanchard Receives Vested Shares
What Happened
Christopher L. Blanchard, EVP — Mine Planning & Development at Ramaco Resources (METC), had multiple performance stock units (PSUs) and restricted stock units (RSUs) vest on January 30, 2026. According to the Form 4, roughly 299,641 shares were delivered from vested awards (including PSUs that paid at 200% of target). To satisfy tax withholding obligations, Blanchard surrendered about 97,520 of those shares, which the filing shows as dispositions valued at about $1.83 million.
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (timely).
- What was received: vested PSUs and RSUs (includes 65,631 Class A PSUs and 13,126 Class B PSUs per committee certification at 200% — see footnote 1). Dividend-equivalent shares (12,976 Class B) are included.
- Shares surrendered for tax withholding: 97,520 shares total (reported disposals):
- 57,952 shares at $19.97 = $1,157,301
- 23,669 shares at $19.97 = $472,670
- 11,590 shares at $12.43 = $144,064
- 1,932 shares at $12.43 = $24,015
- 2,377 shares at $12.43 = $29,546
— Total ≈ $1,827,596.
- Transaction codes: M = exercise/conversion of derivative (vesting/conversion of units into shares), A = grant/award, F = shares surrendered to satisfy tax liabilities.
- Shares owned after the transactions are not specified in the provided excerpt of the filing.
Context
- These were vesting events (awards converting to shares) rather than an open-market sale; the “disposals” in the filing reflect share withholding to pay taxes — a routine administrative step common on vesting, not necessarily a market-sale signal.
- Footnotes note the Compensation Committee certified achievement above target (200% payout for the 2023–2025 performance period), and that some withheld-share calculations used the closing prices on January 29, 2026 for Class A and Class B shares.
Insider Transaction Report
Form 4
Blanchard Christopher L
EVP Mine Planning & Developmen
Transactions
- Exercise/Conversion
Class A common stock
[F1][F8]2026-01-30+131,262→ 547,282 total - Tax Payment
Class A common stock
[F2]2026-01-30$19.97/sh−57,952$1,157,301→ 489,330 total - Exercise/Conversion
Class A common stock
[F3][F4][F5]2026-01-30+53,610→ 542,940 total - Tax Payment
Class A common stock
[F2]2026-01-30$19.97/sh−23,669$472,670→ 519,271 total - Exercise/Conversion
Class B common stock
[F1][F10][F6]2026-01-30+26,252→ 129,667 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−11,590$144,064→ 118,077 total - Exercise/Conversion
Class B common stock
[F3]2026-01-30+4,375→ 122,452 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−1,932$24,015→ 120,520 total - Exercise/Conversion
Class B common stock
[F13]2026-01-30+5,385→ 125,905 total - Tax Payment
Class B common stock
[F15]2026-01-30$12.43/sh−2,377$29,546→ 123,528 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]2026-01-30−9,733→ 9,732 total→ Class A common stock (9,733 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]2026-01-30−5,385→ 0 total→ Class B common stock (5,385 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 12,976 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