Form 4: Warrior Met Coal COO Jack K. Richardson Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Chief Operating Officer of Warrior Met Coal, Jack K. Richardson, reports the acquisition of 42,509 shares of common stock through performance-based restricted stock units and the disposal of 17,845 shares for tax withholding.
Summary
- On February 10, 2025, Jack K. Richardson, the Chief Operating Officer of Warrior Met Coal, Inc., acquired 42,509 shares of common stock.
- These shares were earned through performance-based restricted stock units (RSUs) granted on February 17, 2022, February 8, 2023, and February 8, 2024.
- The RSUs were based on the issuer's performance from January 1, 2024, through December 31, 2024.
- Also on February 10, 2025, Richardson disposed of 17,845 shares of common stock at a price of $53.39 per share for tax withholding purposes.
- Following these transactions, Richardson beneficially owns 185,432 shares of Warrior Met Coal, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares indicates the company met performance targets, while the tax withholding is a standard procedure.
Positives
- The acquisition of shares through performance-based RSUs suggests that Warrior Met Coal met certain performance targets during the specified period.
Negatives
- The disposal of shares for tax withholding, while a normal occurrence, reduces the executive's overall holdings.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance.
Stakeholder Impact
- The stock acquisition could have a minor positive impact on shareholder confidence, as it demonstrates the executive's belief in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date of grant for performance-based restricted stock units (RSUs). |
| February 8, 2023 | Date of grant for performance-based restricted stock units (RSUs). |
| February 8, 2024 | Date of grant for performance-based restricted stock units (RSUs). |
| January 1, 2024 December 31, 2024 | Performance period for the RSUs. |
| February 10, 2025 | Date of stock acquisition and disposal for tax purposes. |
| February 12, 2025 | Date of signature on the Form 4 filing. |
Keywords
Warrior Met Coal, Jack K. Richardson, Chief Operating Officer, Form 4, Stock, RSU, Tax Withholding, Beneficial Ownership
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