Form 4: Ramaco Resources Executive Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
James Scott Kreutzer, SVP & Chief Admin. Officer of Ramaco Resources, reports transactions related to the vesting of restricted stock units and dividend equivalent units, including the acquisition and disposal of Class A and Class B common stock to cover tax obligations.
Summary
- On January 31, 2025, James Scott Kreutzer, SVP & Chief Admin. Officer of Ramaco Resources, reported transactions related to the vesting of restricted stock units under the company's Long Term Incentive Plan.
- These transactions involved the acquisition of 12,625 Class A common stock and 1,598 Class B common stock upon vesting of restricted stock units.
- Additionally, 211 dividend equivalent units of Class B common stock were received.
- A portion of the shares were surrendered to satisfy tax obligations: 6,345 Class A shares at $9.64 and 803 Class B shares at $8.95.
- Another 93 Class B shares were withheld to satisfy tax obligations related to the December Dividend at $8.81.
- Following these transactions, Kreutzer beneficially owns 17,939 shares of Class A common stock and 3,484 shares of Class B common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- It assures stakeholders that executive compensation is aligned with company performance through equity-based incentives.
Key Dates
| Date | Description |
|---|---|
| February 20, 2023 | Date of grant for the restricted stock units that vested on January 31, 2025 (second installment). |
| February 29, 2024 | Date of grant for the restricted stock units that vested on January 31, 2025 (first installment). |
| 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 | Shareholders of record date for the December 16, 2024 dividend. |
| December 16, 2024 | Date of payment for the stock dividends. |
| January 30, 2025 | Date used to determine the number of shares surrendered upon vesting to satisfy tax obligations. |
| 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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