Form 4: Ramaco Resources CFO Jeremy Sussman Receives Stock Unit Grants

Jeremy Sussman, CFO of Ramaco Resources, received grants of restricted stock units and performance stock units on February 24, 2025, under the company's 2017 Long Term Incentive Plan.

Summary

• On February 24, 2025, Jeremy R. Sussman, the Chief Financial Officer of Ramaco Resources, Inc., was granted 65,998 restricted stock units (RSUs) and 65,998 performance stock units (PSUs) under the company's 2017 Long Term Incentive Plan.
• The RSUs will vest in three equal annual installments starting January 31, 2026.
• Each RSU represents a contingent right to receive one share of the company's Class A common stock.
• The performance period for the PSUs began on January 1, 2025, and will end on December 31, 2027.
• The PSUs will vest based on the Compensation Committee's certification of achievement against pre-established performance targets.
• Each PSU also represents a contingent right to receive one share of the company's Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and ongoing operation. The sentiment is neutral to positive as it suggests confidence in the company's future performance.

Positives

• The grants of restricted stock units and performance stock units align the CFO's interests with the long-term performance of the company.
• The vesting schedules for both types of units encourage continued service and achievement of performance targets.

Risks

• The value of the stock units is contingent on the future performance of Ramaco Resources' Class A common stock.
• The vesting of the performance stock units is dependent on the achievement of pre-established performance targets, which may not be met.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules and performance period for the stock units.

Industry Context

Stock-based compensation is a common practice in the resource industry to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the coal industry, similar to companies like Peabody Energy and Arch Resources.
• The vesting schedules and performance metrics are likely aligned with industry norms to attract and retain talent.

Stakeholder Impact

• Shareholders may view the stock unit grants as a positive sign, aligning management's interests with long-term value creation.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates