Form 4: Warrior Met Coal Director Stephen D. Williams Reports Stock Transactions
SEC Form 4 Filing
Director Stephen D. Williams reports vesting and settlement of restricted stock units and acquisition of common stock in Warrior Met Coal, Inc.
Summary
- Stephen D. Williams, a director of Warrior Met Coal, Inc., reported transactions involving the company's stock.
- On April 26, 2024, 1,487 restricted stock units vested and were settled, converting into common stock at a price of $0 per share.
- On April 27, 2024, another 2,806 restricted stock units vested and were settled, also converting into common stock at $0 per share.
- Following these transactions, Williams directly owns 25,686 shares of common stock.
- Additionally, Williams holds 1,488 restricted stock units that vest on April 26, 2025, and 3,598 restricted stock units that vest upon termination of service as a director.
- Williams was also granted 1,797 restricted stock units on April 25, 2024, which vest on April 25, 2025, and will be settled upon termination of service as a director.
- This Form 4 corrects the vesting schedule for the restricted stock units granted on April 25, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of restricted stock units indicates that the director is meeting the conditions set by the company's equity incentive plan.
Future Outlook
The director holds additional restricted stock units that will vest in the future, contingent on continued service or upon termination of service as a director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions reported in this filing provide transparency to shareholders regarding the director's holdings and recent stock activity.
Key Dates
| Date | Description |
|---|---|
| 04/27/2021 | Date of grant for some restricted stock units that vest in equal installments on each of the first three anniversaries. |
| 04/26/2022 | Date of grant for some restricted stock units that vest in equal installments on each of the first three anniversaries. |
| 04/25/2023 | Date of grant for some restricted stock units that vest in full on the thirteen-month anniversary of the grant date. |
| 04/25/2024 | Date of grant for some restricted stock units that vest in full on the first anniversary of the grant date. |
| 04/25/2024 | Date of earliest transaction reported. |
| 04/26/2024 | Vesting and settlement of 1,487 restricted stock units. |
| 04/27/2024 | Vesting and settlement of 2,806 restricted stock units. |
| 04/29/2024 | Date of signature for the Form 4 filing. |
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