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
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0
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Class A common stock
2023-06-21
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Class B common stock
2023-06-21
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Class A Common Stock
2023-06-30
4
F
0
16177
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Class B common stock
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4
F
0
3126
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Restricted Stock Units
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2023-06-21
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D
0
8642
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Common Stock
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Restricted Stock Units
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2023-06-21
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54870
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Restricted Stock Units
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Class B common stock
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Class B common stock
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Performance Stock Units
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2024-12-31
Common Stock
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Performance Stock Units
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2025-12-31
Common Stock
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Performance Stock Units
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Class A common stock
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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