Form 4: Ramaco Resources CEO Reports Changes in Beneficial Ownership After RSU Vesting and Dividend

CEO Randall Whittaker Atkins reports changes in beneficial ownership of Ramaco Resources stock due to vesting of restricted stock units, dividend payments, and tax obligations.

Summary

• On January 31, 2025, Ramaco Resources CEO Randall Whittaker Atkins reported changes in his beneficial ownership of the company's Class A and Class B common stock.
• These changes are primarily due to the vesting of restricted stock units (RSUs) granted under the company's Long Term Incentive Plan.
• Vesting occurred for both RSUs granted on February 20, 2023, and February 29, 2024.
• Shares were surrendered to satisfy tax obligations upon vesting, based on the closing prices of Class A and Class B common stock on January 30, 2025.
• Atkins also received dividend equivalent units and shares of Class B common stock as a result of a stock dividend declared on November 20, 2024, and payable on December 16, 2024.
• Some of these shares were also used to satisfy tax withholding obligations.
• Atkins also reports beneficial ownership of shares held by his daughter, but disclaims beneficial ownership of those shares.
• After these transactions, Atkins directly owns 538,893 shares of Class A common stock and 115,190 shares of Class B common stock.
• He also indirectly owns 2,178,702 shares of Class A common stock and 476,159 shares of Class B common stock through a revocable trust.
• Additionally, he indirectly owns 5,000 shares of Class A common stock and 1,092 shares of Class B common stock through his daughter.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and dividend payouts, suggesting a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The vesting of RSUs indicates that the CEO is meeting performance criteria set by the company.
• Receipt of dividend equivalent units and shares suggests a return of value to shareholders.

Negatives

• The disposal of shares to cover tax obligations reduces the CEO's direct holdings, although this is a common practice.

Risks

• There are no specific risks highlighted in this document, as it primarily reports changes in beneficial ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs and dividend payments are common forms of executive compensation in the mining industry.

Comparison to Industry Standards

• Executive compensation packages in the coal industry often include a mix of salary, stock options, and restricted stock units.
• Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also utilize RSUs as part of their long-term incentive plans.
• The vesting schedules and tax obligation handling are generally consistent with industry practices.

Stakeholder Impact

• Shareholders may view the vesting of RSUs as a positive sign, indicating that the CEO is incentivized to improve company performance.
• The dividend payments provide a direct return to shareholders.

Key Dates