0001415889-23-010822.txt : 20230705 0001415889-23-010822.hdr.sgml : 20230705 20230705175340 ACCESSION NUMBER: 0001415889-23-010822 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: Fannin Jason Todd CENTRAL INDEX KEY: 0001809710 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38003 FILM NUMBER: 231071041 MAIL ADDRESS: STREET 1: 1529 EDGEMONT AVE. CITY: BRISTOL STATE: VA ZIP: 37620 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_090735.xml X0407 4 2023-06-30 0001687187 Ramaco Resources, Inc. METC 0001809710 Fannin Jason Todd 250 W. MAIN STREET SUITE 1900 LEXINGTON KY 40507 false true false false CHIEF COMMERCIAL OFFICER 0 Common Stock 2023-06-21 5 D 0 142116 0 D 0 D Class A common stock 2023-06-21 5 A 0 142116 0 A 142116 D Class B common stock 2023-06-21 5 A 0 28423 0 A 28423 D Class A common stock 2023-06-30 4 F 0 20000 8.44 D 122116 D Class B common stock 2023-06-30 4 F 0 3865 10.61 D 24558 D Restricted Stock Units 0 2023-06-21 5 D 0 24691 0 D Common Stock 24691 0 D Restricted Stock Units 0 2023-06-21 5 D 0 64593 0 D Common Stock 64593 0 D Restricted Stock Units 0 2023-06-21 5 A 0 24691 0 A Class A common stock 24691 24691 D Restricted Stock Units 0 2023-06-21 5 A 0 64593 0 A Class A common stock 64593 89284 D Restricted Stock Units 0 2023-06-21 5 A 0 4938 0 A Class B common stock 4938 4938 D Restricted Stock Units 0 2023-06-21 5 A 0 12918 0 A Class B common stock 12918 17856 D Performance Stock Units 0 2023-06-21 5 D 0 37037 0 D 2024-12-31 Common Stock 37037 0 D Performance Stock Units 0 2023-06-21 5 D 0 64593 0 D 2025-12-31 Common Stock 64593 0 D Performance Stock Units 0 2023-06-21 5 A 0 37037 0 A 2024-12-31 Class A common stock 37037 37037 D Performance Stock Units 0 2023-06-21 5 A 0 64593 0 A 2025-12-31 Class A common stock 64593 101630 D Performance Stock Units 0 2023-06-21 5 A 0 7407 0 A 2024-12-31 Class B common stock 7407 7407 D Performance Stock Units 0 2023-06-21 5 A 0 12918 0 A 2025-12-31 Class B common stock 12918 20325 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