Form 4: Ramaco Resources Executive Sells Shares to Cover Taxes After Stock Vesting
SEC Form 4 Filing
A Ramaco Resources executive sold shares of Class A and Class B common stock to cover tax obligations following the vesting of restricted stock.
Summary
- James Scott Kreutzer, a Senior Vice President and Chief Administrative Officer at Ramaco Resources, sold 1,276 shares of Class A common stock at $12.02 per share and 255 shares of Class B common stock at $10.50 per share.
- These sales were to cover tax obligations arising from the vesting of restricted stock granted on September 21, 2022, under the company's Long Term Incentive Plan.
- The vesting occurred on December 15, 2024, and the share prices used for tax calculations were based on the closing prices on December 13, 2024.
- Additionally, Mr. Kreutzer received 239 shares of Class B common stock on December 16, 2024, as part of a stock dividend declared on November 20, 2024.
Sentiment
Score: 6
Explanation: The document is a routine filing related to executive compensation and stock vesting. It does not indicate any significant positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and stock vesting, which is common in publicly traded companies. The stock dividend is a way for the company to return value to shareholders.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly listed companies, particularly in the resource sector, to align executive interests with shareholder value.
- The vesting schedule and tax withholding practices are standard procedures.
- Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also use stock-based compensation, though the specific terms and vesting schedules may vary.
- The stock dividend is a less common practice than share buybacks, but it is a way to return value to shareholders without reducing the company's cash reserves.
Stakeholder Impact
- The stock sales by the executive may have a minor impact on the stock price, but it is unlikely to be significant.
- The stock dividend provides a return to shareholders.
Key Dates
| Date | Description |
|---|---|
| 2022-09-21 | Date of the original restricted stock grant. |
| 2024-11-20 | Date the stock dividend was declared. |
| 2024-12-02 | Record date for the stock dividend. |
| 2024-12-13 | Date of closing prices used for tax calculations. |
| 2024-12-15 | Date the restricted stock vested and the share sales occurred. |
| 2024-12-16 | Date the stock dividend was paid. |
| 2024-12-17 | Date the Form 4 was filed. |
Keywords
Ramaco Resources, stock vesting, insider trading, Form 4, executive compensation, stock dividend, tax obligations, METC
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