Form 4: Ramaco Resources Executive Receives Stock Unit Grants

John Cecil Marcum, EVP for Production at Ramaco Resources, received grants of restricted and performance stock units on February 24, 2025.

Summary

• John Cecil Marcum, EVP for Production at Ramaco Resources, received a grant of 47,518 restricted stock units on February 24, 2025, under the company's 2017 Long Term Incentive Plan.
• These restricted stock units will vest in three equal annual installments starting January 31, 2026.
• Each restricted stock unit represents a contingent right to receive one share of Ramaco Resources' Class A common stock.
• Marcum also received a grant of 47,518 performance stock units on the same date under the same plan.
• The performance period for these units began on January 1, 2025, and will end on December 31, 2027.
• Vesting of the performance stock units depends on the Compensation Committee's certification of achievement based on pre-established performance targets.
• Each performance stock unit also represents a contingent right to receive one share of the company's Class A common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices that align management interests with shareholder value. There are no immediate negative implications.

Positives

• The grants of restricted and performance stock units align the executive's interests with the long-term performance of the company.
• The vesting schedule for the restricted stock units encourages continued service with the company.
• The performance-based vesting of the performance stock units incentivizes the achievement of specific company goals.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the stock units.

Industry Context

This type of equity compensation is common in the resource industry to attract and retain key executives and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the coal industry, similar to companies like Peabody Energy (BTU) and Arch Resources (ARCH).
• The vesting schedules and performance-based conditions are also typical, designed to incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the equity grants as a positive incentive for management to drive long-term value.
• Employees may see the grants as a sign of the company's commitment to its leadership team.

Key Dates