0001415889-25-002117.txt : 20250127 0001415889-25-002117.hdr.sgml : 20250127 20250127160508 ACCESSION NUMBER: 0001415889-25-002117 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250123 FILED AS OF DATE: 20250127 DATE AS OF CHANGE: 20250127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Blanchard Christopher L CENTRAL INDEX KEY: 0001727281 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38003 FILM NUMBER: 25559020 MAIL ADDRESS: STREET 1: 250 WEST MAIN STREET STREET 2: SUITE 1800 CITY: LEXINGTON STATE: KY ZIP: 40507 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ramaco Resources, Inc. CENTRAL INDEX KEY: 0001687187 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 250 WEST MAIN STREET STREET 2: SUITE 1800 CITY: LEXINGTON STATE: KY ZIP: 40507 BUSINESS PHONE: (859) 244-7455 MAIL ADDRESS: STREET 1: 250 WEST MAIN STREET STREET 2: SUITE 1800 CITY: LEXINGTON STATE: KY ZIP: 40507 4 1 form4-01272025_040103.xml X0508 4 2025-01-23 0001687187 Ramaco Resources, Inc. METC 0001727281 Blanchard Christopher L 250 WEST MAIN STREET SUITE 1900 LEXINGTON KY 40507 false true false false EVP Mine Planning & Developmen 0 Class A common stock 2025-01-23 4 M 0 40431 0 A 416751 D Class A common stock 2025-01-23 4 F 0 18456 9.71 D 398295 D Class B common stock 2025-01-23 4 M 0 8086 0 A 90924 D Class B common stock 2025-01-23 4 F 0 3691 9.15 D 87233 D Class B common stock 2025-01-23 4 M 0 750 0 A 87983 D Class B common stock 2025-01-23 4 F 0 312 9.21 D 87671 D Performance Stock Units 0 2025-01-23 4 M 0 40431 0 D Class A common stock 40431 0 D Performance Stock Units 0 2025-01-23 4 M 0 8086 0 D Class B common stock 8086 0 D Dividend Equivalent Units 0 2025-01-23 4 M 0 750 0 D Class B common stock 750 0 D 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. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 22, 2025. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 22, 2025. 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 750 dividend equivalent units of Company's Class B common stock which vest at the same time as the underlying performance stock units. As a result of the December Dividend, the reporting person received 750 shares of Company's Class B common stock as of January 23, 2025 in respect of the stock dividends following settlement of the performance stock units, of which 312 were used to satisfy tax withholding obligations. The number of shares withheld was calculated based on the closing price of the Issuer's Class B common stock on the date of delivery of the shares (January 23, 2025). Each performance stock unit represents a contingent right to receive one share of Class A common stock. Amount excludes 2,903 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. Each performance stock units represents a contingent right to receive one share of Class B common stock. Amount excludes 581 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. 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. /s/ Jonathan Tyler Adkins, Attorney-in-Fact 2025-01-27