Blanchard Christopher L 4

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.