Form 4: Ramaco Resources Executive Reports Stock Transactions Following Vesting of Restricted Stock Units

Paul Bryan Horn Jr., EVP of Mine Operations at Ramaco Resources, reports transactions involving Class A and Class B common stock due to vesting of restricted stock units and dividend equivalents.

Summary

• On January 31, 2025, Paul Bryan Horn Jr., EVP of Mine Operations at Ramaco Resources, reported transactions related to the vesting of restricted stock units and dividend equivalents.
• These transactions involved both Class A and Class B common stock.
• The transactions included the acquisition of shares through vesting and dividend payments, as well as the disposal of shares to cover tax obligations.
• Specifically, 13,088 Class A shares and 1,598 Class B shares were acquired through vesting of restricted stock units.
• Additionally, 218 Class B shares were acquired as dividend equivalent units.
• Shares were surrendered to satisfy tax obligations, with 6,308 Class A shares surrendered at $9.64 and 770 Class B shares surrendered at $8.95 and 92 Class B shares surrendered at $8.81.
• Following these transactions, Horn directly owns 31,557 Class A shares and 6,436 Class B shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of restricted stock units and dividend payments suggest the company is performing adequately, but the transactions themselves are routine and expected.

Positives

• The vesting of restricted stock units indicates that the executive is meeting performance criteria set by the company.
• The receipt of dividend equivalent units suggests a positive financial performance by the company, allowing for dividend payouts.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The vesting of restricted stock units is a common form of executive compensation, aligning management's interests with long-term shareholder value.
• Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The vesting of restricted stock units aligns executive interests with shareholder value.
• The payment of dividends benefits shareholders.

Key Dates