Richardson Jack K. 4
Research Summary
AI-generated summary
WARRIOR MET (HCC) COO Jack K. Richardson Receives RSU Vesting
What Happened
- Jack K. Richardson, Chief Operating Officer of Warrior Met Coal, had time‑based restricted stock units (RSUs) vest and convert into 4,411 shares of common stock on February 8, 2026. The RSU conversion is reported as acquisition entries at $0.00 per share (code M).
- To cover withholding tax, the company withheld 1,048 shares (valued at $89.05 each, $93,324) and 668 shares ($59,485), for a total tax withholding of $152,809 (code F). Net shares delivered to Richardson after withholding: 2,695 shares.
- Approximate market value of the vested RSUs at the reported withholding price ($89.05) was about $392,800 before withholding; net value received was roughly $240,000.
Key Details
- Transaction date: 2026-02-08; filing date: 2026-02-10 (filed within the typical 2‑business‑day Form 4 window).
- Reported prices: $0.00 per share for RSU conversion (acquisition); $89.05 per share for shares withheld for taxes.
- Net shares received: 2,695 (4,411 vested − 1,716 withheld).
- Footnotes: F1/F3–F5 describe that these were time‑based RSUs granted under the 2017 Equity Incentive Plan with staged vesting schedules; F2 notes the share withholding for tax purposes.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
- This was a vesting/settlement of RSUs (an award), not an open‑market purchase or a discretionary sale. Withholding shares to cover taxes is a routine administrative step and does not by itself indicate a buy or sell signal.
- The Form 4 shows the RSUs converting to common stock (reported as derivative conversion/exercise entries) and the subsequent withholding; no open‑market sale by the insider was reported in this filing.