Form 4: Ramaco Resources Director Forrest Jones Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Forrest Jones Jr. reports changes in beneficial ownership of Ramaco Resources stock, including acquisitions of Class A and Class B common stock.
Summary
- On June 21, 2023, Ramaco Resources reclassified its existing common stock as Class A common stock.
- On the same date, the company issued Class B common stock as a dividend to existing shareholders at a rate of 0.2 shares per existing share.
- On February 29, 2024, Forrest Jones Jr. acquired 5,297 shares of Class A common stock.
- The filing also includes a power of attorney, granting specific individuals the authority to act on behalf of E. Forrest Jones, Jr. in matters related to SEC filings.
- The power of attorney was executed on January 24, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a company insider.
Key Dates
| Date | Description |
|---|---|
| 2023-06-21 | Reclassification of common stock to Class A and distribution of Class B common stock dividend. |
| 2024-01-24 | Execution date of the Power of Attorney. |
| 2024-02-29 | Date of Class A common stock acquisition by Forrest Jones Jr. |
| 2024-03-04 | Date of signature on the Form 4 filing. |
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