Form 4: Ramaco Resources Executive John Cecil Marcum Reports Stock Transactions
SEC Form 4
EVP for Production at Ramaco Resources, John Cecil Marcum, reports transactions involving Class A and Class B common stock, including vesting of restricted stock units and dividend equivalent units.
Summary
- On January 31, 2025, John Cecil Marcum, EVP for Production at Ramaco Resources, reported transactions related to the company's Class A and Class B common stock.
- These transactions include the vesting of restricted stock units granted under the company's Long Term Incentive Plan.
- The vesting of restricted stock units resulted in the acquisition of 27,506 Class A common stock and 3,658 Class B common stock.
- Shares were surrendered to satisfy tax obligations related to the vesting of these units, with 11,923 Class A shares surrendered at $9.64 and 1,586 Class B shares surrendered at $8.95.
- Marcum also acquired 466 dividend equivalent units of Class B common stock due to a previously declared stock dividend.
- 202 shares of Class B common stock were withheld to satisfy tax obligations related to the dividend.
- Following these transactions, Marcum directly owns 139,151 shares of Class A common stock and 29,455 shares of Class B common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and vest stock-based compensation.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of the company's stock.
Key Dates
| Date | Description |
|---|---|
| February 20, 2023 | Date of grant for the second installment of restricted stock units under the Long Term Incentive Plan. |
| February 29, 2024 | Date of grant for the first installment of restricted stock units under the Long Term Incentive Plan. |
| November 20, 2024 | Date the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock. |
| December 2, 2024 | Record date for the stock dividends. |
| December 16, 2024 | Date the stock dividends were payable in shares of the Issuer's Class B common stock. |
| January 30, 2025 | Date used to determine the closing price of Class A and Class B common stock for tax obligation calculations. |
| January 31, 2025 | Date of the reported transactions, including vesting of restricted stock units and dividend equivalent units. |
| February 3, 2025 | Date of signature for the Form 4 filing. |
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