Sturgill Barkley Jennings 4

Accession 0001415889-23-010814

CIK 0001687187other

View on SEC.gov Company Profile

Filed

Jul 4, 8:00 PM ET

Accepted

Jul 5, 5:44 PM ET

Size

41.6 KB

Accession

0001415889-23-010814

Insider Transaction Report

Form 4

Period: 2023-06-30

Ramaco Resources, Inc.METC

Sturgill Barkley Jennings

General Counsel

Transactions

Tax Payment
Class A common stock
2023-06-30$8.44/sh−37,637$317,656→ 146,003 total
Disposition to Issuer
Restricted Stock Units
2023-06-21−14,416→ 0 total
Exercise: $0.00→ Common Stock (14,416 underlying)
Award
Class B common stock
2023-06-21+36,728→ 36,728 total
Award
Restricted Stock Units
2023-06-21+2,883→ 2,883 total
Exercise: $0.00→ Class B common stock (2,883 underlying)
Tax Payment
Class B common stock
2023-06-30$10.61/sh−7,273$77,167→ 29,455 total
Disposition to Issuer
Restricted Stock Units
2023-06-21−7,407→ 0 total
Exercise: $0.00→ Common Stock (7,407 underlying)
Disposition to Issuer
Common Stock
2023-06-21−183,640→ 0 total
Award
Class A common stock
2023-06-21+183,640→ 183,640 total
Award
Restricted Stock Units
2023-06-21+14,416→ 21,823 total
Exercise: $0.00→ Class A common stock (14,416 underlying)
Disposition to Issuer
Performance Stock Units
2023-06-21−14,416→ 0 total
Exercise: $0.00Exp: 2025-12-31→ Common Stock (14,416 underlying)
Award
Restricted Stock Units
2023-06-21+7,407→ 7,407 total
Exercise: $0.00→ Class A common stock (7,407 underlying)
Award
Restricted Stock Units
2023-06-21+1,481→ 4,364 total
Exercise: $0.00→ Class B common stock (1,481 underlying)
Disposition to Issuer
Performance Stock Units
2023-06-21−11,111→ 0 total
Exercise: $0.00Exp: 2024-12-31→ Common Stock (11,111 underlying)
Award
Performance Stock Units
2023-06-21+14,416→ 25,527 total
Exercise: $0.00Exp: 2025-12-31→ Class A common stock (14,416 underlying)
Award
Performance Stock Units
2023-06-21+11,111→ 11,111 total
Exercise: $0.00Exp: 2024-12-31→ Class A common stock (11,111 underlying)
Award
Performance Stock Units
2023-06-21+2,222→ 2,222 total
Exercise: $0.00Exp: 2024-12-31→ Class B common stock (2,222 underlying)
Award
Performance Stock Units
2023-06-21+2,883→ 5,105 total
Exercise: $0.00Exp: 2025-12-31→ Class B common stock (2,883 underlying)

Footnotes (12)

[F1]On June 21, 2023, Ramaco Resources, Inc. (the "Company"), issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution.
[F10]Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
[F11]The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period.
[F12]Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units.
[F2]On June 21, 2023, the Company reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
[F3]On June 21, 2023, the Company reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
[F4]Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
[F5]Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
[F6]Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
[F7]The RSUs vest in three equal annual installments beginning on January 31, 2024.
[F8]The RSUs vest in two equal annual installments beginning December 31, 2023.
[F9]Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.

Documents

1 file

4
form4-07052023_090719.xmlPrimary

Issuer

Ramaco Resources, Inc.

CIK 0001687187

→

Entity typeother

Related Parties

filerCIK 0001823469

Filing Metadata

Form type: 4
Filed: Jul 4, 8:00 PM ET
Accepted: Jul 5, 5:44 PM ET
Size: 41.6 KB

View on SEC.gov