0001415889-23-010816.txt : 20230705 0001415889-23-010816.hdr.sgml : 20230705 20230705174709 ACCESSION NUMBER: 0001415889-23-010816 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230705 DATE AS OF CHANGE: 20230705 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Marcum John Cecil CENTRAL INDEX KEY: 0001785124 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38003 FILM NUMBER: 231071002 MAIL ADDRESS: STREET 1: PO BOX 146 CITY: SIDNEY STATE: KY ZIP: 41564 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ramaco Resources, Inc. CENTRAL INDEX KEY: 0001687187 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] 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 form4-07052023_090703.xml X0407 4 2023-06-30 0001687187 Ramaco Resources, Inc. METC 0001785124 Marcum John Cecil PO BOX 146 SIDNEY KY 41564 false true false false CHIEF ACCOUNTING OFFICER 0 Common Stock 2023-06-21 5 D 0 144835 0 D 0 D Class A common stock 2023-06-21 5 A 0 144835 0 A 144835 D Class B common stock 2023-06-21 5 A 0 28967 0 A 28967 D Class A Common Stock 2023-06-30 4 F 0 16177 8.44 D 128658 D Class B common stock 2023-06-30 4 F 0 3126 10.61 D 25841 D Restricted Stock Units 0 2023-06-21 5 D 0 8642 0 D Common Stock 8642 0 D Restricted Stock Units 0 2023-06-21 5 D 0 54870 0 D Common Stock 54870 0 D Restricted Stock Units 0 2023-06-21 5 A 0 8642 0 A Class A common stock 8642 8642 D Restricted Stock Units 0 2023-06-21 5 A 0 54870 0 A Class A common stock 54870 63512 D Restricted Stock Units 0 2023-06-21 5 A 0 1728 0 A Class B common stock 1728 1728 D Restricted Stock Units 0 2023-06-21 5 A 0 10974 0 A Class B common stock 10974 12702 D Performance Stock Units 0 2023-06-21 5 D 0 12963 0 D 2024-12-31 Common Stock 12963 0 D Performance Stock Units 0 2023-06-21 5 D 0 54870 0 D 2025-12-31 Common Stock 54870 0 D Performance Stock Units 0 2023-06-21 5 A 0 12963 0 A 2024-12-31 Class A common stock 12963 12963 D Performance Stock Units 0 2023-06-21 5 A 0 54870 0 A 2025-12-31 Class A common stock 54870 67833 D Performance Stock Units 0 2023-06-21 5 A 0 2592 0 A 2024-12-31 Class B common stock 2592 2592 D Performance Stock Units 0 2023-06-21 5 A 0 10974 0 A 2025-12-31 Class B common stock 10974 13566 D 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. 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. 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. 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. 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. The RSUs vest in two equal annual installments beginning December 31, 2023. The RSUs vest in three equal annual installments beginning on January 31, 2024. 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. 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. The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period. 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. /s/ Barkley J. Sturgill, Jr., Attorney-in-Fact 2023-07-05