Lussier Charles 4

What Happened

• Charles Lussier, Chief Commercial Officer of Warrior Met Coal (HCC), received a total of 20,614 shares issued from performance-based restricted stock units (RSUs) on Feb 9, 2026. To satisfy tax withholding, 9,144 shares were withheld on Feb 9 at ~$94.00/share ($859,536) and 511 shares withheld on Feb 10 at ~$90.31/share ($46,148), for combined proceeds of $905,684. Separately, 1,150 time-based RSUs converted to common stock on Feb 10.

Key Details

• Transaction dates and prices:
  • 2026-02-09: 20,614 shares issued (performance RSUs) — issuance exempt under Rule 16b-3(d).
  • 2026-02-09: 9,144 shares withheld for taxes at $94.00 → $859,536.
  • 2026-02-10: 1,150 shares converted (time-based RSUs).
  • 2026-02-10: 511 shares withheld for taxes at $90.31 → $46,148.
• Total withheld shares: 9,655; total proceeds from withholding: $905,684.
• Footnotes: F1 explains the 20,614 shares are performance-based RSUs earned from grants in 2023, 2024 and 2025 (performance period Jan 1–Dec 31, 2025); F2 = tax withholding; F3–F6 describe vesting schedules and plan rules.
• Shares owned after the transactions are not specified in the filing.
• Filing timeliness: Form 4 was filed Feb 17, 2026 for transactions on Feb 9–10 — the filing appears late (filed ~7–8 days after the transactions).

Context

• This was primarily an award/vesting event (insider received RSUs) with routine tax-withholding (shares withheld rather than an open-market sale). Such withholding transactions are standard for executive compensation and do not necessarily signal a voluntary sale decision.
• The RSU issuances were reported as exempt under Rule 16b-3(d), and time-based RSUs converted on a one-for-one basis per plan terms.