Form 4: Ramaco Resources Executive Jason Todd Fannin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jason Todd Fannin, Chief Commercial Officer of Ramaco Resources, reports changes in beneficial ownership due to shares forfeited to cover tax obligations upon vesting.
Summary
- On June 30, 2024, Jason Todd Fannin, Chief Commercial Officer of Ramaco Resources, reported changes in beneficial ownership.
- The changes involve the forfeiture of Class A and Class B common stock to satisfy tax obligations upon vesting.
- 28,603 shares of Class A common stock were forfeited at a price of $12.45.
- 5,720 shares of Class B common stock were forfeited at a price of $10.86.
- Following these transactions, Fannin beneficially owns 114,566 shares of Class A common stock and 23,048 shares of Class B common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of routine transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the holdings of company insiders.
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 (forfeiture of shares). |
| 07/01/2024 | Date of signature by Attorney-in-Fact. |
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