Form 4: Ramaco CCO Fannin's Equity Vesting Signals Strong Performance
Statement of Changes in Beneficial Ownership
Ramaco Resources' Chief Commercial Officer Jason Todd Fannin saw significant equity awards vest after the company achieved 200% of its performance targets.
Summary
- Jason Todd Fannin, Chief Commercial Officer of Ramaco Resources, Inc., reported changes in beneficial ownership on January 30, 2026.
- Performance Stock Units (PSUs) granted in February 2023 vested, resulting in 64,593 shares of Class A common stock and 12,918 shares of Class B common stock.
- The vesting was due to the Compensation Committee certifying 200% achievement of pre-established performance targets for the period January 1, 2023, to December 31, 2025.
- Multiple tranches of Restricted Stock Units (RSUs) also vested on January 30, 2026, including the third and final installment from a February 2023 grant, the second installment from a February 2024 grant, and the first installment from a February 2025 grant.
- Fannin surrendered 50,835 shares of Class A common stock (at $19.97 per share) and 10,167 shares of Class B common stock (at $12.43 per share) to satisfy tax obligations upon vesting.
- The reporting person also received a total of 5,031 shares of Class B common stock from four common stock dividends paid between March 2025 and December 2025.
Sentiment
Score: 8
Explanation: StockSavvy.ai views this as a strong positive signal, as the 200% achievement of performance targets indicates robust company performance over a multi-year period, reflecting well on management and operational execution.
Positives
- Company achieved 200% of pre-established performance targets for the period January 1, 2023, to December 31, 2025, leading to full vesting of performance stock units.
- Significant equity awards vested for a key executive, aligning management incentives with shareholder value.
Negatives
- A portion of vested shares was surrendered to cover tax obligations, which is a standard practice but reduces the immediate increase in direct beneficial ownership.
Future Outlook
One annual installment of restricted stock remains from the February 29, 2024 grant, and two annual installments remain from the February 24, 2025 grant, indicating future vesting events for these awards.
Industry Context
StockSavvy.ai notes that while this Form 4 primarily details executive compensation and equity vesting, the achievement of 200% of performance targets for the 2023-2025 period suggests strong operational execution by Ramaco Resources, potentially outperforming some industry peers in a challenging or volatile market, depending on the specific performance metrics.
Stakeholder Impact
- Shareholders may view the 200% achievement of performance targets as a positive indicator of the company's operational strength and management effectiveness.
- The reporting executive, Jason Todd Fannin, benefits from significant equity vesting, aligning his interests with long-term company performance.
Next Steps
- Future annual installments of restricted stock units from the February 29, 2024 grant are expected to vest.
- Future annual installments of restricted stock units from the February 24, 2025 grant are expected to vest.
Key Dates
| Date | Description |
|---|---|
| 2023-01-01 | Start of performance period for Performance Stock Units. |
| 2023-02-20 | Grant date for certain Performance Stock Units and Restricted Stock Units. |
| 2024-02-29 | Grant date for certain Restricted Stock Units. |
| 2024-12-05 | Declaration date for a Class B common stock dividend paid on March 14, 2025. |
| 2025-02-24 | Grant date for certain Restricted Stock Units. |
| 2025-03-14 | Payment date for a Class B common stock dividend declared on December 5, 2024. |
| 2025-03-17 | Declaration date for a Class B common stock dividend paid on June 13, 2025. |
| 2025-06-13 | Payment date for a Class B common stock dividend declared on March 17, 2025. |
| 2025-08-22 | Declaration date for a Class B common stock dividend paid on September 19, 2025. |
| 2025-09-19 | Payment date for a Class B common stock dividend declared on August 22, 2025. |
| 2025-11-14 | Declaration date for a Class B common stock dividend paid on December 5, 2025. |
| 2025-12-05 | Payment date for a Class B common stock dividend declared on November 14, 2025. |
| 2025-12-31 | End of performance period for Performance Stock Units. |
| 2026-01-29 | Closing price date used for tax obligation calculations for Class A and Class B common stock. |
| 2026-01-30 | Vesting date for Performance Stock Units and Restricted Stock Units. |
| 2026-02-02 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdWhile the 200% achievement of performance targets is a strong positive signal for Ramaco Resources' operational performance, a Form 4 primarily details insider transactions and does not provide a comprehensive financial overview to warrant a 'buy' recommendation solely based on this filing. The vesting indicates past success, but a 'hold' is prudent pending broader financial analysis.
Keywords
Ramaco Resources, METC, SEC Form 4, Insider Trading, Stock Vesting, Performance Stock Units, Restricted Stock Units, Executive Compensation, Jason Todd Fannin, Chief Commercial Officer, Equity Awards
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.