Form 4: Warrior Met Coal Director Brett Harvey Reports Stock Transactions
SEC Form 4 Filing
Director Brett Harvey reports the vesting and settlement of restricted stock units into Warrior Met Coal common stock.
Summary
- On May 25, 2024, Brett Harvey, a director of Warrior Met Coal, Inc., reported the vesting and settlement of 4,317 restricted stock units (RSUs) into common stock.
- These RSUs converted into common stock on a one-for-one basis.
- Following the transaction, Harvey directly owns 36,612 shares of Warrior Met Coal common stock.
- The RSUs were granted under the company's 2017 Equity Incentive Plan and vest according to different schedules.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also have similar insider transaction filings regularly.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| April 26, 2022 | Date of grant for some restricted stock units, vesting in equal installments on the first three anniversaries. |
| April 25, 2023 | Date of grant for some restricted stock units, vesting in full on the thirteen-month anniversary. |
| April 25, 2024 | Date of grant for some restricted stock units, vesting in full on the first anniversary. |
| May 25, 2024 | Date of transaction: vesting and settlement of restricted stock units. |
| May 30, 2024 | Date of signature for the Form 4 filing. |
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