Form 4: Ramaco Director Vests Shares, Corrects RSU Filing

Evan H. Jenkins, a Director and Secretary of Ramaco Resources, Inc., reported the vesting of restricted stock units and dividend equivalent units, along with shares surrendered for tax obligations, and a correction to a prior RSU award.

Summary

• Evan H. Jenkins, Director and Secretary of Ramaco Resources, Inc., reported changes in his beneficial ownership of Class A and Class B common stock.
• On January 30, 2026, Jenkins acquired 4,400 shares of Class A common stock upon the vesting of restricted stock units.
• Concurrently, 1,533 shares and 1,391 shares of Class A common stock were surrendered to satisfy tax obligations related to vesting, based on a closing price of $19.97 per share on January 29, 2026.
• Jenkins also acquired 108 shares of Class B common stock from the vesting of dividend equivalent units on January 30, 2026.
• 34 shares of Class B common stock were surrendered for tax obligations, based on a closing price of $12.43 per share on January 29, 2026.
• The reported Class B common stock amount includes 562 shares received from four stock dividends paid between March 2025 and December 2025.
• A previous Form 4 filed on February 25, 2025, was corrected, stating the correct restricted stock unit award was 13,200 units, not 39,599 units. 8,800 restricted stock units remain to vest in two annual installments.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation vesting and associated tax transactions. The correction of a prior RSU award is a technical adjustment, and the overall activity reflects standard compensation practices.

Positives

• Vesting of 4,400 Class A common stock shares from restricted stock units.
• Vesting of 108 Class B common stock shares from dividend equivalent units.
• Receipt of 562 Class B common shares through four stock dividends.

Negatives

• Surrender of 1,533 Class A common shares and 1,391 Class A common shares (total 2,924 shares) to cover tax obligations at $19.97 per share.
• Surrender of 34 Class B common shares to cover tax obligations at $12.43 per share.
• Correction of a prior Form 4 filing indicating a significantly lower RSU award (13,200 vs. 39,599), though this is a correction of a past error, not a new negative event.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not typically provide industry-wide insights. This filing reflects routine executive compensation vesting and tax-related share dispositions for Ramaco Resources, Inc.

Comparison to Industry Standards

• StockSavvy.ai notes that the vesting of restricted stock units and the subsequent surrender of shares for tax obligations are common practices in executive compensation across various industries.
• The specific terms of the grants and dividend policies are company-specific and not directly comparable to global benchmarks without further context on Ramaco's compensation structure relative to its peers in the coal mining or energy sector.

Corporate Governance

Related Party Transactions

• Vesting of restricted stock units and dividend equivalent units to Director and Secretary Evan H. Jenkins under the company's Long Term Incentive Plan.
• Surrender of shares by Evan H. Jenkins to the company to satisfy tax obligations related to the vesting of these units.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and beneficial ownership changes. The surrender of shares for tax purposes slightly reduces the outstanding share count from the executive's holdings, but the overall impact on market float is minimal.
• Employees: Reflects the company's ongoing executive compensation practices, which may influence broader employee incentive structures.

Next Steps

• Two annual installments of the restricted stock units granted on February 29, 2024, remain to vest.
• Two annual installments of the 13,200 restricted stock units (corrected amount) remain to vest, totaling 8,800 units.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, specifically the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations. Such transactions are generally pre-scheduled and do not typically indicate a change in the company's fundamental performance or outlook. The correction of a prior RSU award is a technical adjustment for accuracy. Therefore, it provides no new material information that would warrant a change in investment thesis, suggesting a 'hold' recommendation for existing investors.

Keywords

Ramaco Resources, METC, Evan H Jenkins, Form 4, insider transaction, beneficial ownership, restricted stock units, RSU vesting, stock dividends, Class A common stock, Class B common stock, executive compensation, corporate governance