Form 4: Ramaco Resources CFO Jeremy Sussman Reports Stock Transactions

Chief Financial Officer of Ramaco Resources, Jeremy Sussman, reports changes in beneficial ownership of Class A and Class B common stock due to vesting of restricted stock units, dividend equivalent units, and tax obligations.

Summary

• Jeremy Sussman, CFO of Ramaco Resources, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On January 31, 2025, restricted stock units vested, resulting in the acquisition of 33,000 Class A shares and 4,375 Class B shares.
• Shares were surrendered to satisfy tax obligations: 9,355 Class A shares at $9.64 and 1,240 Class B shares at $8.95.
• Sussman also acquired 558 Class B shares as dividend equivalent units and 558 Class B shares from the December Dividend.
• 157 Class B shares were used to satisfy tax withholding obligations related to the dividend.
• Following these transactions, Sussman directly owns 356,829 Class A shares and 76,948 Class B shares.
• He also holds 21,877 restricted stock units convertible to Class A common stock and 4,376 restricted stock units convertible to Class B common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document primarily reports routine transactions related to executive compensation. There are no explicit positive or negative signals about the company's performance or future outlook.

Positives

• The vesting of restricted stock units indicates that performance milestones were likely met, which is a positive signal.
• Receipt of dividend equivalent units and shares from the December Dividend further increases Sussman's stake in the company.

Negatives

• The surrender of shares to cover tax obligations reduces the overall increase in Sussman's holdings.

Risks

• There are no specific risks mentioned in this document.
• However, insider transactions can sometimes be perceived negatively if they suggest a lack of confidence in the company's future performance, although this is not necessarily the case here.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's valuation and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The vesting of restricted stock units is a common form of executive compensation, aligning management's interests with those of shareholders.
• The specific details of the vesting schedule and tax implications are unique to Ramaco Resources and Jeremy Sussman's compensation package.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they reflect changes in insider ownership.
• Employees may be affected by the vesting of restricted stock units, as it represents a form of compensation.

Key Dates