4//SEC Filing
Fannin Jason Todd 4
Accession 0001415889-25-002119
CIK 0001687187other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 4:05 PM ET
Size
22.3 KB
Accession
0001415889-25-002119
Insider Transaction Report
Form 4
Fannin Jason Todd
CHIEF COMMERCIAL OFFICER
Transactions
- Exercise/Conversion
Performance Stock Units
2025-01-23−34,556→ 0 totalExercise: $0.00→ Class A common stock (34,556 underlying) - Exercise/Conversion
Performance Stock Units
2025-01-23−641→ 0 totalExercise: $0.00→ Class B common stock (641 underlying) - Exercise/Conversion
Class B common stock
2025-01-23+6,911→ 33,723 total - Tax Payment
Class B common stock
2025-01-23$9.15/sh−2,853$26,105→ 30,870 total - Exercise/Conversion
Class B common stock
2025-01-23+641→ 31,511 total - Exercise/Conversion
Class A common stock
2025-01-23+34,556→ 156,609 total - Tax Payment
Class A common stock
2025-01-23$9.71/sh−14,265$138,513→ 142,344 total - Tax Payment
Class B common stock
2025-01-23$9.21/sh−252$2,321→ 31,259 total - Exercise/Conversion
Performance Stock Units
2025-01-23−6,911→ 0 totalExercise: $0.00→ Class B common stock (6,911 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 641 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 641 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 252 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 2,481 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 unit represents a contingent right to receive one share of Class B common stock.
- [F9]Amount excludes 496 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 0001809710
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 4:05 PM ET
- Size
- 22.3 KB