Form 4 for METC Ramaco Resources, Inc.
Accepted 2025-01-27 00:00:00 ET · period of report 2025-01-23 · accession 0001415889-25-002120 · 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 | 2025-01-27 | 2025-01-23 | METC | Marcum John Cecil | EVP for Production | F - Tax | $9.61 | -7,168 | 27.1K | -21% | -$68.9K |
| DM | 2025-01-27 | 2025-01-23 | METC | Marcum John Cecil | EVP for Production | M - OptEx | $0.00 | +14.7K | 28.2K | +110% | $0 |
| DM | 2025-01-27 | 2025-01-23 | METC | Marcum John Cecil | EVP for Production | M - OptEx | $0.00 | -14.7K | 0 | -100% | $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 A common stock | 2025-01-23 | F | D | 5,883 | $9.71 | 123,568 | D | — | — | |
| 2 | Common | Class B common stock | 2025-01-23 | F | D | 1,177 | $9.15 | 27,003 | D | — | — | |
| 3 | Common | Class A common stock | 2025-01-23 | M | A | 12,094 | $0.00 | 129,451 | D | — | — | |
| 4 | Common | Class B common stock | 2025-01-23 | F | D | 108 | $9.21 | 27,119 | D | — | — | |
| 5 | Common | Class B common stock | 2025-01-23 | M | A | 224 | $0.00 | 27,227 | D | — | — | |
| 6 | Common | Class B common stock | 2025-01-23 | M | A | 2,419 | $0.00 | 28,180 | D | — | — | |
| 7 | Derivative | Dividend Equivalent Units | 2025-01-23 | M | D | 224 | $0.00 | 0 | D | $0.00 · — to — | 224 Class B common stock | (F10) Dividend equivalent units underlying the performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See Footnote 4 for further detail. (F4) 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 224 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying performance stock units. |
| 8 | Derivative | Performance Stock Units | 2025-01-23 | M | D | 12,094 | $0.00 | 0 | D | $0.00 · — to — | 12,094 Class A common stock | (F7) Amount excludes 869 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre-established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. See Footnote 1. (F6) Each performance stock unit represents a contingent right to receive one share of Class A common stock. (F1) The performance stock units granted on February 16, 2022 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 23, 2025 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the "Committee"). The Committee certified the achievement of pre-established performance targets at 93.3% for the performance period beginning on January 1, 2022 and ending on December 31, 2024. |
| 9 | Derivative | Performance Stock Units | 2025-01-23 | M | D | 2,419 | $0.00 | 0 | D | $0.00 · — to — | 2,419 Class B common stock | (F9) Amount excludes 174 Performance Stock Units that did not vest and were cancelled because less than 100% of the pre-established performance targets were achieved during the performance period. No consideration was received for the Performance Stock Units that were cancelled. Please see Footnote 1. (F8) Each performance stock unit represents a contingent right to receive one share of Class B common stock. (F1) The performance stock units granted on February 16, 2022 under the Ramaco Resources, Inc.'s (the "Company") Long Term Incentive Plan vested on January 23, 2025 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the "Committee"). The Committee certified the achievement of pre-established performance targets at 93.3% for the performance period beginning on January 1, 2022 and ending on December 31, 2024. |