Form 4: Ramaco Resources Executive Sells Shares to Cover Taxes After Stock Vesting
SEC Form 4 Filing
An executive at Ramaco Resources sold shares of Class A and Class B common stock to cover tax obligations following the vesting of restricted stock.
Summary
- Paul Bryan Horn Jr., an EVP at Ramaco Resources, sold 3,680 shares of Class A common stock at $12.02 per share and 736 shares of Class B common stock at $10.50 per share on December 15, 2024.
- These sales were to cover tax obligations arising from the vesting of restricted stock granted on September 16, 2022.
- The vesting occurred on December 15, 2024, under the company's Long Term Incentive Plan.
- The number of shares sold was determined based on the closing prices of the Class A and Class B common stock on December 13, 2024.
- Additionally, the executive received 527 shares of Class B common stock on December 16, 2024, as part of a stock dividend declared on November 20, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neither positive nor negative for the company's overall outlook.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any specific trend in the coal industry or Ramaco's competitive position.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a standard practice across various industries, including the coal sector.
- Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also have similar executive compensation plans that result in similar filings.
- The vesting of restricted stock and subsequent tax-related sales are typical components of long-term incentive plans for executives in publicly traded companies.
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 will provide a small return to shareholders.
Key Dates
| Date | Description |
|---|---|
| 2022-09-16 | Date of the restricted stock grant under the Long Term Incentive Plan. |
| 2024-11-20 | Date the Issuer declared stock dividends. |
| 2024-12-02 | Record date for the stock dividend. |
| 2024-12-13 | Date used to determine the share price for tax obligation calculations. |
| 2024-12-15 | Date of the stock sale and vesting of restricted stock. |
| 2024-12-16 | Date the stock dividend was paid. |
| 2024-12-17 | Date the Form 4 was filed. |
Keywords
Ramaco Resources, stock sale, executive, restricted stock, tax obligations, stock dividend, METC, insider trading
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