Form 4: Ramaco General Counsel Receives Equity Grants

Ramaco Resources' General Counsel, Estill Forrest Jones Jr., was granted 14,095 Restricted Stock Units and 14,095 Performance Stock Units.

Summary

• Estill Forrest Jones Jr., General Counsel of Ramaco Resources, Inc. (METC), received a grant of 14,095 Restricted Stock Units (RSUs) on February 24, 2026.
• These RSUs will vest in three equal annual installments, commencing on January 31, 2027.
• Each RSU represents a contingent right to receive one share of Class A common stock.
• Additionally, Mr. Jones received a grant of 14,095 Performance Stock Units (PSUs) on February 24, 2026.
• The performance period for the PSUs began on January 1, 2026, and concludes on December 31, 2028.
• PSU vesting is contingent upon the Compensation Committee's certification of achievement against pre-established performance targets, with potential achievement ranging from 0% to 200% of the grant.
• Each PSU also represents a contingent right to receive one share of Class A common stock.
• Both grants were made under the Company's 2017 Long-Term Incentive Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive, standard executive compensation event, aligning management interests with shareholder value creation over the long term.

Positives

• The equity grants align the General Counsel's long-term interests with those of the shareholders, promoting sustained company performance.
• The performance-based nature of the PSUs incentivizes the achievement of specific company objectives.

Negatives

• The grants do not provide immediate liquidity or cash value to the reporting person.
• Vesting for both RSUs and PSUs is future-dated and subject to continued employment and, for PSUs, performance conditions.

Risks

• The performance targets for the Performance Stock Units may not be fully met, potentially reducing the number of shares ultimately received.
• The reporting person risks forfeiture of unvested units if employment with the company terminates prior to the vesting dates.

Future Outlook

The grants establish a long-term incentive structure for the General Counsel, with RSUs vesting over three years starting in 2027 and PSUs tied to performance through the end of 2028, aiming to align executive efforts with future company success.

Management Comments

• The grants were made under the Company's 2017 Long-Term Incentive Plan, indicating a commitment to long-term executive retention and performance incentives.

Industry Context

StockSavvy.ai notes that equity grants, such as Restricted Stock Units and Performance Stock Units, are a standard and widely adopted practice for executive compensation across the U.S. mining and resources industry. This approach is designed to align executive incentives with long-term company performance and shareholder value creation, reflecting common corporate governance practices in the sector.

Comparison to Industry Standards

• Equity grants, such as RSUs and PSUs, are a widely adopted practice across the U.S. mining and resources sector for executive compensation.
• While specific performance targets and vesting schedules vary by company, the structure observed here is consistent with industry norms designed to incentivize long-term performance and align executive interests with shareholder value.
• No specific comparable companies or projects are detailed in this filing.

Stakeholder Impact

• Shareholders may benefit from enhanced alignment of executive incentives with long-term company performance and value creation.

Next Steps

• Vesting of Restricted Stock Units will commence on January 31, 2027, in three equal annual installments.
• The Compensation Committee will certify the achievement percentage for Performance Stock Units after the performance period ends on December 31, 2028.

Key Dates

Recommendation

This Form 4 reports a routine equity compensation grant to an executive, which is a standard practice for aligning management incentives with shareholder interests. It does not contain information that would fundamentally alter the investment thesis for Ramaco Resources, Inc., thus a 'hold' recommendation is appropriate as it maintains the status quo.

Keywords

Ramaco Resources, METC, Form 4, Restricted Stock Units, Performance Stock Units, equity grant, executive compensation, insider transaction, long-term incentive plan, General Counsel