Form 4: Ramaco Resources Executive Paul Bryan Horn Jr. Reports Acquisition of Restricted and Performance Stock Units

Paul Bryan Horn Jr., SVP & Chief Mine Development Officer of Ramaco Resources, reports the acquisition of restricted and performance stock units.

Summary

• On February 29, 2024, Paul Bryan Horn Jr., SVP & Chief Mine Development Officer of Ramaco Resources, Inc. [METC], acquired 15,294 Restricted Stock Units (RSUs) and 15,294 Performance Stock Units (PSUs).
• The RSUs vest in three equal installments beginning January 31, 2025.
• Each RSU represents a contingent right to receive one share of Ramaco Resources, Inc. Class A common stock.
• The PSUs vest upon the Company's Class A common stock achieving a specified total shareholder return for a measurement period and expire on December 31, 2026.
• Following the transaction, Horn directly owns 31,274 RSUs and 39,264 PSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock units. It's neither overwhelmingly positive nor negative.

Positives

• The acquisition of RSUs and PSUs by a senior executive aligns his interests with those of the shareholders.
• The vesting of PSUs based on total shareholder return incentivizes the executive to improve company performance.

Future Outlook

The vesting of the RSUs and PSUs is contingent upon continued employment and, in the case of PSUs, the achievement of specific total shareholder return targets.

Industry Context

This filing is a routine disclosure of stock-based compensation to a company executive, which is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly in the resource sector, to incentivize executives and align their interests with shareholders.
• Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also utilize stock options, RSUs, and PSUs as part of their executive compensation packages.
• The vesting schedules and performance metrics associated with these grants vary depending on the company's specific goals and compensation philosophy.

Stakeholder Impact

• The acquisition of stock units by a company executive can have a slightly positive impact on shareholders as it aligns management's interests with theirs.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates