Form 4: Ramaco Resources CEO Awarded Stock Units
SEC Form 4 Filing
Randall Whittaker Atkins, CEO of Ramaco Resources, received restricted stock units (RSUs) and performance stock units (PSUs) on February 29, 2024.
Summary
- Randall Whittaker Atkins, the CEO of Ramaco Resources, Inc. (METC), was granted restricted stock units (RSUs) and performance stock units (PSUs) on February 29, 2024.
- He received 92,691 RSUs, which vest in three equal installments starting January 31, 2025.
- He also received 92,691 PSUs, which vest upon the company's Class A common stock achieving a specified total shareholder return for a measurement period ending December 31, 2026.
- Following these transactions, Atkins directly owns 220,025 RSUs and 329,988 PSUs.
Sentiment
Score: 7
Explanation: The document indicates standard executive compensation practices, aligning management with shareholder interests, which is generally viewed positively.
Positives
- The granting of RSUs and PSUs to the CEO aligns his interests with those of the shareholders, incentivizing him to improve company performance and increase shareholder value.
Future Outlook
The vesting of the PSUs is contingent upon the company's Class A common stock achieving a specified total shareholder return for a measurement period, incentivizing future performance.
Industry Context
Granting stock-based compensation to executives is a common practice in the industry to align management's interests with those of shareholders.
Stakeholder Impact
- Shareholders may view the granting of RSUs and PSUs positively as it aligns the CEO's interests with theirs.
- Employees may be motivated by the potential for improved company performance driven by the incentivized CEO.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of original grant of RSUs and PSUs. |
| 02/20/2023 | Date of original grant of RSUs and PSUs. |
| 02/29/2024 | Date of transaction: Grant of 92,691 RSUs and 92,691 PSUs. |
| 01/31/2025 | First vesting date for the RSUs granted on February 29, 2024. |
| 12/31/2026 | End of the measurement period for the PSUs granted on February 29, 2024. |
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