Form 4 for METC Ramaco Resources, Inc.
Accepted 2023-07-05 00:00:00 ET · period of report 2023-06-30 · accession 0001415889-23-010822 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-07-05 | 2023-06-30 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | F - Tax | $8.79 | -23.9K | 122.1K | -16% | -$209.8K |
| DM | 2023-07-05 | 2023-06-21 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | A - Grant | $0.00 | +170.5K | 142.1K | New | $0 |
| D | 2023-07-05 | 2023-06-21 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | D - Sale to Iss | $0.00 | -142.1K | 0 | -100% | $0 |
| DM | 2023-07-05 | 2023-06-21 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | D - Sale to Iss | $0.00 | -190.9K | 0 | -100% | $0 |
| DM | 2023-07-05 | 2023-06-21 | METC | Fannin Jason Todd | Chief COMMERCIAL Off | A - Grant | $0.00 | +229.1K | 4,938 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B common stock | 2023-06-30 | F | D | 3,865 | $10.61 | 24,558 | D | — | — | (F4) Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer |
| 2 | Common | Class A common stock | 2023-06-30 | F | D | 20,000 | $8.44 | 122,116 | D | — | — | (F3) Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer. |
| 3 | Common | Class B common stock | 2023-06-21 | A | A | 28,423 | $0.00 | 28,423 | D | — | — | (F2) On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution. |
| 4 | Common | Common Stock | 2023-06-21 | D | D | 142,116 | $0.00 | 0 | D | — | — | (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. |
| 5 | Common | Class A common stock | 2023-06-21 | A | A | 142,116 | $0.00 | 142,116 | D | — | — | (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. |
| 6 | Derivative | Performance Stock Units | 2023-06-21 | D | D | 37,037 | $0.00 | 0 | D | $0.00 · — to 2024-12-31 | 37,037 Common Stock | (F9) Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 7 | Derivative | Performance Stock Units | 2023-06-21 | D | D | 64,593 | $0.00 | 0 | D | $0.00 · — to 2025-12-31 | 64,593 Common Stock | (F9) Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 8 | Derivative | Performance Stock Units | 2023-06-21 | A | A | 37,037 | $0.00 | 37,037 | D | $0.00 · — to 2024-12-31 | 37,037 Class A common stock | (F9) Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 9 | Derivative | Performance Stock Units | 2023-06-21 | A | A | 64,593 | $0.00 | 101,630 | D | $0.00 · — to 2025-12-31 | 64,593 Class A common stock | (F9) Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 10 | Derivative | Performance Stock Units | 2023-06-21 | A | A | 7,407 | $0.00 | 7,407 | D | $0.00 · — to 2024-12-31 | 7,407 Class B common stock | (F2) On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution. (F11) Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 11 | Derivative | Performance Stock Units | 2023-06-21 | A | A | 12,918 | $0.00 | 20,325 | D | $0.00 · — to 2025-12-31 | 12,918 Class B common stock | (F2) On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution. (F11) Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units. (F10) The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. |
| 12 | Derivative | Restricted Stock Units | 2023-06-21 | A | A | 12,918 | $0.00 | 17,856 | D | $0.00 · — to — | 12,918 Class B common stock | (F2) On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution. (F8) Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units. (F7) The RSUs vest in three equal annual installments beginning on January 31, 2024. |
| 13 | Derivative | Restricted Stock Units | 2023-06-21 | A | A | 64,593 | $0.00 | 89,284 | D | $0.00 · — to — | 64,593 Class A common stock | (F5) Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F7) The RSUs vest in three equal annual installments beginning on January 31, 2024. |
| 14 | Derivative | Restricted Stock Units | 2023-06-21 | A | A | 24,691 | $0.00 | 24,691 | D | $0.00 · — to — | 24,691 Class A common stock | (F5) Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F6) The RSUs vest in two equal annual installments beginning December 31, 2023. |
| 15 | Derivative | Restricted Stock Units | 2023-06-21 | D | D | 64,593 | $0.00 | 0 | D | $0.00 · — to — | 64,593 Common Stock | (F5) Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F7) The RSUs vest in three equal annual installments beginning on January 31, 2024. |
| 16 | Derivative | Restricted Stock Units | 2023-06-21 | D | D | 24,691 | $0.00 | 0 | D | $0.00 · — to — | 24,691 Common Stock | (F5) Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock. (F1) On June 21, 2023, Ramaco Resources, Inc. (the "Company"), reclassified its existing common stock, par value $0.01 per share, as shares of Class A common Stock, par value $0.01 per share. (F6) The RSUs vest in two equal annual installments beginning December 31, 2023. |
| 17 | Derivative | Restricted Stock Units | 2023-06-21 | A | A | 4,938 | $0.00 | 4,938 | D | $0.00 · — to — | 4,938 Class B common stock | (F2) On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution. (F8) Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units. (F6) The RSUs vest in two equal annual installments beginning December 31, 2023. |