Horn Paul Bryan Jr. 4

Accession 0001415889-25-002750

CIK 0001687187other

View on SEC.gov Company Profile

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 5:15 PM ET

Size

23.6 KB

Accession

0001415889-25-002750

Insider Transaction Report

Form 4

Period: 2025-01-31

Ramaco Resources, Inc.METC

Horn Paul Bryan Jr.

EVP Mine Operations

Transactions

Exercise/Conversion
Class A common stock
2025-01-31+13,088→ 37,865 total
Exercise/Conversion
Class B common stock
2025-01-31+218→ 6,528 total
Exercise/Conversion
Restricted Stock Units
2025-01-31−7,990→ 7,990 total
Exercise: $0.00→ Class A common stock (7,990 underlying)
Exercise/Conversion
Dividend Equivalent Units
2025-01-31−218→ 0 total
Exercise: $0.00→ Class B common stock (218 underlying)
Tax Payment
Class A common stock
2025-01-31$9.64/sh−6,308$60,809→ 31,557 total
Tax Payment
Class B common stock
2025-01-31$8.95/sh−770$6,891→ 6,310 total
Exercise/Conversion
Class B common stock
2025-01-31+1,598→ 7,080 total
Tax Payment
Class B common stock
2025-01-31$8.81/sh−92$811→ 6,436 total
Exercise/Conversion
Restricted Stock Units
2025-01-31−1,598→ 1,598 total
Exercise: $0.00→ Class B common stock (1,598 underlying)
Exercise/Conversion
Restricted Stock Units
2025-01-31−5,098→ 10,196 total
Exercise: $0.00→ Class A common stock (5,098 underlying)

Footnotes (9)

[F1]The second installment of restricted stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 31, 2025.
[F2]The first installment of restricted stock units granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 31, 2025.
[F3]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class A common stock on January 30, 2025.
[F4]Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Company's Class B common stock on January 30, 2025.
[F5]On November 20, 2024, the Issuer declared stock dividends of $0.1375 per share of Class A common stock and $0.2364 per share of Class B common stock, both payable in shares of the Issuer's Class B common stock on December 16, 2024 (the "December Dividend"), to shareholders of record as of the close of Nasdaq on December 2, 2024, with the amount of Class B shares to be issued per share for each respective class of stock determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date ($9.96). As a result, the reporting person received 218 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying restricted stock units.
[F6]As a result of the December Dividend, the reporting person received 218 shares of Company's Class B common stock as of January 31, 2025 in respect of the stock dividends following settlement of the restricted stock units, of which 92 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Company's Class B common stock on the date of delivery of the shares (January 31, 2025).
[F7]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
[F8]Each restricted stock unit represents a contingent right to receive one share of Class B common stock.
[F9]Dividend equivalent units underlying the restricted stock units listed above with respect to Class A and with respect to Class B common stock. See Footnote 5 for further detail.

Documents

1 file

4
form4-02032025_050209.xmlPrimary

Issuer

Ramaco Resources, Inc.

CIK 0001687187

→

Entity typeother

Related Parties

filerCIK 0001946702

Filing Metadata

Form type: 4
Filed: Feb 2, 7:00 PM ET
Accepted: Feb 3, 5:15 PM ET
Size: 23.6 KB

View on SEC.gov