Form 4: Ramaco Resources CFO Sussman Forfeits Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeremy R. Sussman, CFO of Ramaco Resources, Inc., forfeited Class A and Class B common stock to satisfy tax obligations upon vesting.
Summary
- On June 30, 2024, Jeremy R. Sussman, the Chief Financial Officer of Ramaco Resources, Inc., forfeited shares of Class A and Class B common stock to cover tax obligations.
- He forfeited 89,331 shares of Class A common stock at a price of $12.45 per share.
- He also forfeited 17,866 shares of Class B common stock at a price of $10.86 per share.
- Following these transactions, Sussman directly owns 296,701 shares of Class A common stock and 59,908 shares of Class B common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects standard tax practices related to equity compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The forfeiture of shares to cover tax obligations has a minimal impact on shareholders, as the shares were acquired as treasury stock by the Issuer.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date used to determine the closing price of Class A and Class B common stock for calculating the number of shares forfeited. |
| 06/30/2024 | Date of the transaction where shares of Class A and Class B common stock were forfeited. |
| 07/01/2024 | Date of signature for the Form 4 filing. |
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