Kreutzer James Scott 4
4 · Ramaco Resources, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ramaco (METC) EVP James Kreutzer Exercises Awards, Sells Shares
What Happened
- James Scott Kreutzer, EVP Western Operations of Ramaco Resources (METC), had multiple performance and restricted equity awards vest on January 30, 2026. The filing shows he acquired/converted a total of 112,227 shares (from vested performance stock units and restricted stock units) and surrendered 39,347 shares to satisfy tax withholding obligations, resulting in cash proceeds of about $738,679.
- The surrendered shares were disposed via tax withholding at two prices: 33,103 shares at $19.97 (proceeds $661,067) and 6,244 shares at $12.43 (proceeds $77,613). Many of the other derivative conversions are reported with $0 cash value because they reflect the vesting/conversion of units rather than an open-market sale.
Key Details
- Transaction date: January 30, 2026; Form 4 filed Feb 2, 2026 (timely).
- Total shares acquired/vested (conversion of performance/restricted units): 112,227 shares.
- Shares surrendered to cover taxes (F code): 39,347 shares for ~$738,679 in proceeds.
- Transaction types reported: M = exercise/conversion of derivative awards, A = grant/award (vesting), F = shares surrendered to satisfy tax liabilities (withholding).
- Notable footnotes: Compensation Committee certified performance at 200%, triggering additional vesting of 23,970 Class A PSUs and 4,794 Class B PSUs. Some restricted awards from prior grants also vested; numbers surrendered were based on closing prices on Jan 29, 2026.
- Shares owned after these transactions: not specified in the provided filing details.
Context
- This was a routine vesting/cashless-withholding event, not an open-market purchase. The director/officer did not appear to meaningfully reduce holdings beyond the shares withheld for taxes; tax withholding (F) is common and does not necessarily signal a view on the company’s prospects.
- For clarity: M = exercised/converted equity units into shares; F = shares withheld/surrendered to pay tax obligations; A = award/vesting of equity units.
Insider Transaction Report
Form 4
Kreutzer James Scott
EVP Western Operations
Transactions
- Tax Payment
Class A common stock
[F1]2026-01-30$19.97/sh−1,282$25,602→ 16,657 total - Exercise/Conversion
Class A common stock
[F2][F9]2026-01-30+47,940→ 64,597 total - Tax Payment
Class A common stock
[F3]2026-01-30$19.97/sh−21,717$433,688→ 42,880 total - Exercise/Conversion
Class A common stock
[F4][F5][F6]2026-01-30+22,304→ 65,184 total - Tax Payment
Class A common stock
[F3]2026-01-30$19.97/sh−10,104$201,777→ 55,080 total - Exercise/Conversion
Class B common stock
[F2][F11][F7]2026-01-30+9,588→ 13,619 total - Tax Payment
Class B common stock
[F16]2026-01-30$12.43/sh−4,343$53,983→ 9,276 total - Exercise/Conversion
Class B common stock
[F4]2026-01-30+1,598→ 10,874 total - Tax Payment
Class B common stock
[F16]2026-01-30$12.43/sh−724$8,999→ 10,150 total - Exercise/Conversion
Class B common stock
[F14]2026-01-30+2,033→ 12,183 total - Tax Payment
Class B common stock
[F16]2026-01-30$12.43/sh−921$11,448→ 11,262 total - Tax Payment
Class B common stock
[F17]2026-01-30$12.43/sh−256$3,182→ 11,006 total - Exercise/Conversion
Performance Stock Units
[F8][F2]2026-01-30−23,970→ 0 total→ Class A common stock (23,970 underlying) - Award
Performance Stock Units
[F8][F2][F9]2026-01-30+23,970→ 23,970 total→ Class A common stock (23,970 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F2][F9]2026-01-30−23,970→ 0 total→ Class A common stock (23,970 underlying) - Exercise/Conversion
Performance Stock Units
[F10][F2]2026-01-30−4,794→ 0 total→ Class B common stock (4,794 underlying) - Award
Performance Stock Units
[F10][F2][F11]2026-01-30+4,794→ 4,794 total→ Class B common stock (4,794 underlying) - Exercise/Conversion
Performance Stock Units
[F10][F2][F11]2026-01-30−4,794→ 0 total→ Class B common stock (4,794 underlying) - Exercise/Conversion
Restricted Stock Units
[F12][F4]2026-01-30−7,990→ 0 total→ Class A common stock (7,990 underlying) - Exercise/Conversion
Restricted Stock Units
[F12][F5]2026-01-30−4,635→ 4,634 total→ Class A common stock (4,635 underlying) - Exercise/Conversion
Restricted Stock Units
[F12][F6]2026-01-30−9,679→ 19,360 total→ Class A common stock (9,679 underlying) - Exercise/Conversion
Restricted Stock Units
[F13][F4]2026-01-30−1,598→ 0 total→ Class B common stock (1,598 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F14][F15]2026-01-30−2,033→ 0 total→ Class B common stock (2,033 underlying)
Footnotes (17)
- [F1]On September 12, 2022, the Reporting Person received a restricted stock grant of 8,489 shares (the "September Grant") under the Ramaco Resources, Inc. 's (the "Company") 2017 Long Term Incentive Plan. The third and final annual installment under the September Grant vested on January 30, 2026. Amount reflects 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.
- [F10]Each performance stock unit represents a contingent right to receive one share of Class B common stock.
- [F11]Amount includes 4,794 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 2.
- [F12]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- [F13]Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
- [F14]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 2, 4, 5 and 6 for further detail.
- [F15]See Footnote 7 for further detail regarding the stock dividends.
- [F16]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.
- [F17]On June 21, 2023, the Reporting Person received a restricted stock grant of 1,697 Class B shares (the "June Distribution") in the Company's distribution of the Class B common stock. The third and final annual installment under the June Distribution vested on January 30, 2026. Amount reflects 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]The performance stock units granted on February 20, 2023 under the Company's 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 23,970 shares of Class A and 4,794 shares of Class B stock was approved.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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 547 shares of Class B common Stock, which are included in the reported amount.
- [F8]Each performance stock unit represents a contingent right to receive one share of Class A common stock.
- [F9]Amount includes 23,970 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 2.
Signature
/s/ Jonathan T Adkins, Attorney in Fact|2026-02-02