Form 4: Ramaco Resources Executive John Cecil Marcum Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John Cecil Marcum, Chief Accounting Officer of Ramaco Resources, reports the forfeiture of Class A and Class B common stock to satisfy tax obligations.
Summary
- On June 30, 2024, John Cecil Marcum, the Chief Accounting Officer of Ramaco Resources, reported changes in beneficial ownership.
- The transactions involved the forfeiture of Class A and Class B common stock to cover tax obligations.
- Specifically, 27,699 shares of Class A common stock were forfeited at a price of $12.45 per share, and 5,540 shares of Class B common stock were forfeited at a price of $10.86 per share.
- Following these transactions, Marcum directly owns 114,909 shares of Class A common stock and 23,091 shares of Class B common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The forfeiture of shares has a minor impact on the company's treasury stock.
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 involving the forfeiture of shares. |
| 07/01/2024 | Date of signature by Attorney-in-Fact. |
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