Form 4: Director Schnorr Receives Restricted Stock Units in Warrior Met Coal, Inc.

Lisa M. Schnorr, a director of Warrior Met Coal, Inc., was granted restricted stock units on April 25, 2024, according to a Form 4 filing with the SEC.

Summary

• Lisa M. Schnorr, a director of Warrior Met Coal, Inc., filed a Form 4 with the SEC.
• The filing reports the grant of 1,797 restricted stock units (RSUs) on April 25, 2024, under the company's 2017 Equity Incentive Plan.
• These RSUs vest in full on the first anniversary of the grant date and will be settled in shares of common stock upon the director's termination of service, as per her deferral election.
• The filing also corrects the vesting schedule for RSUs granted on April 25, 2023.
• Schnorr directly owns 1,619 and 3,598 restricted stock units from previous grants that vest on different schedules.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing regarding director compensation, which is generally viewed neutrally. The correction of the vesting schedule suggests attention to detail, which is a slightly positive signal.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the coal industry and other sectors.
• Companies like Peabody Energy and Arch Resources also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific number of RSUs granted and the vesting schedule are likely determined based on factors such as company performance, board responsibilities, and industry benchmarks.

Stakeholder Impact

• The RSU grant has a minor positive impact on shareholders by aligning director interests with company performance.
• The RSU grant has a positive impact on the director by providing additional compensation.

Key Dates