4//SEC Filing
Blanchard Christopher L 4
Accession 0001415889-25-002117
CIK 0001687187other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 4:05 PM ET
Size
22.3 KB
Accession
0001415889-25-002117
Insider Transaction Report
Form 4
Blanchard Christopher L
EVP Mine Planning & Developmen
Transactions
- Exercise/Conversion
Class A common stock
2025-01-23+40,431→ 416,751 total - Tax Payment
Class A common stock
2025-01-23$9.71/sh−18,456$179,208→ 398,295 total - Exercise/Conversion
Class B common stock
2025-01-23+8,086→ 90,924 total - Tax Payment
Class B common stock
2025-01-23$9.15/sh−3,691$33,773→ 87,233 total - Exercise/Conversion
Class B common stock
2025-01-23+750→ 87,983 total - Tax Payment
Class B common stock
2025-01-23$9.21/sh−312$2,874→ 87,671 total - Exercise/Conversion
Performance Stock Units
2025-01-23−40,431→ 0 totalExercise: $0.00→ Class A common stock (40,431 underlying) - Exercise/Conversion
Performance Stock Units
2025-01-23−8,086→ 0 totalExercise: $0.00→ Class B common stock (8,086 underlying) - Exercise/Conversion
Dividend Equivalent Units
2025-01-23−750→ 0 totalExercise: $0.00→ Class B common stock (750 underlying)
Footnotes (10)
- [F1]The performance stock units granted on February 16, 2022 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 23, 2025 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 93.3% for the performance period beginning on January 1, 2022 and ending on December 31, 2024.
- [F10]Dividend equivalent units underlying the performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See Footnote 4 for further detail.
- [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 22, 2025.
- [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 B common stock on January 22, 2025.
- [F4]On November 20, 2024, the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock, both payable in shares of the Issuer's Class B common stock on December 16, 2024 (the "December Dividend"), to shareholders of record as of the close of Nasdaq on December 2, 2024, with the amount of Class B shares to be issued per share for each respective class of stock determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($9.96). As a result, the reporting person received 750 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying performance stock units.
- [F5]As a result of the December Dividend, the reporting person received 750 shares of Company's Class B common stock as of January 23, 2025 in respect of the stock dividends following settlement of the performance stock units, of which 312 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (January 23, 2025).
- [F6]Each performance stock unit represents a contingent right to receive one share of Class A common stock.
- [F7]Amount excludes 2,903 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre-established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. See Footnote 1.
- [F8]Each performance stock units represents a contingent right to receive one share of Class B common stock.
- [F9]Amount excludes 581 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre-established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. Please see Footnote 1.
Documents
Issuer
Ramaco Resources, Inc.
CIK 0001687187
Entity typeother
Related Parties
1- filerCIK 0001727281
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 4:05 PM ET
- Size
- 22.3 KB