Form 4: Ramaco Resources EVP Marcum's Equity Vesting
Insider Transaction Report
Ramaco Resources EVP John Cecil Marcum reported significant equity transactions, including the vesting of performance and restricted stock units, and shares surrendered for tax obligations.
Summary
- John Cecil Marcum, EVP for Production at Ramaco Resources, Inc. (METC), reported multiple equity transactions on January 30, 2026.
- Performance Stock Units (PSUs) granted on February 20, 2023, vested due to the Compensation Committee certifying 200% achievement of pre-established performance targets for the period January 1, 2023, to December 31, 2025.
- As a result of PSU vesting, 54,870 shares of Class A common stock and 10,974 shares of Class B common stock were approved.
- The third and final installment of Restricted Stock Units (RSUs) granted on February 20, 2023, vested.
- The second installment of RSUs granted on February 29, 2024, vested, with one annual installment remaining from this grant.
- The first installment of RSUs granted on February 24, 2025, vested, with two annual installments remaining from this grant.
- Shares were surrendered to satisfy tax obligations upon vesting: 47,020 Class A shares at $19.97, 18,573 Class A shares at $19.97, 9,404 Class B shares at $12.43, 1,567 Class B shares at $12.43, and 1,913 Class B shares at $12.43.
- The reporting person received a total of 4,318 shares of Class B common stock from four common stock dividends declared between December 2024 and November 2025, and paid between March 2025 and December 2025.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this filing as moderately positive due to the 200% achievement of performance targets for the PSUs, indicating strong operational performance during the relevant period, although the filing itself is a routine compensation disclosure.
Positives
- The Compensation Committee certified the achievement of pre-established performance targets at 200% for the performance period January 1, 2023, to December 31, 2025, indicating strong company performance during that period.
Future Outlook
One annual installment of restricted stock units remains from the February 29, 2024 grant, and two annual installments remain from the February 24, 2025 grant.
Industry Context
StockSavvy.ai notes that this Form 4 filing details routine executive compensation events, specifically the vesting of equity awards and subsequent share dispositions for tax purposes. Such filings are common disclosures for publicly traded companies and provide transparency into insider ownership changes, but typically do not reflect broader industry trends.
Stakeholder Impact
- Shareholders may view the 200% achievement of performance targets as a positive indicator of the company's operational success during the 2023-2025 period.
- The reporting person's beneficial ownership of company stock has changed due to the vesting of awards and subsequent tax-related dispositions.
Next Steps
- Future annual installments of restricted stock units from grants on February 29, 2024, and February 24, 2025, are expected to vest.
Key Dates
| Date | Description |
|---|---|
| 2023-01-01 | Start of performance period for Performance Stock Units. |
| 2023-02-20 | Grant date for certain Performance Stock Units and Restricted Stock Units. |
| 2024-02-29 | Grant date for certain Restricted Stock Units. |
| 2024-12-05 | Declaration date for a Class B common stock dividend. |
| 2025-02-24 | Grant date for certain Restricted Stock Units. |
| 2025-03-14 | Payment date for a Class B common stock dividend declared on December 5, 2024. |
| 2025-03-17 | Declaration date for a Class B common stock dividend. |
| 2025-06-13 | Payment date for a Class B common stock dividend declared on March 17, 2025. |
| 2025-08-22 | Declaration date for a Class B common stock dividend. |
| 2025-09-19 | Payment date for a Class B common stock dividend declared on August 22, 2025. |
| 2025-11-14 | Declaration date for a Class B common stock dividend. |
| 2025-12-05 | Payment date for a Class B common stock dividend declared on November 14, 2025. |
| 2025-12-31 | End of performance period for Performance Stock Units. |
| 2026-01-29 | Closing price date used for calculating shares surrendered for tax obligations. |
| 2026-01-30 | Transaction date for vesting of Performance Stock Units and Restricted Stock Units. |
| 2026-02-02 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Ramaco Resources, METC, Form 4, Insider Transaction, Equity Compensation, Performance Stock Units, Restricted Stock Units, Stock Vesting, Executive Compensation
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