0001415889-23-010833.txt : 20230705 0001415889-23-010833.hdr.sgml : 20230705 20230705180014 ACCESSION NUMBER: 0001415889-23-010833 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230705 DATE AS OF CHANGE: 20230705 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Atkins Randall Whittaker CENTRAL INDEX KEY: 0001693822 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38003 FILM NUMBER: 231071091 MAIL ADDRESS: STREET 1: 250 WEST MAIN STREET STREET 2: SUITE 210 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] 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_100705.xml X0407 4 2023-06-30 0001687187 Ramaco Resources, Inc. METC 0001693822 Atkins Randall Whittaker 250 WEST MAIN STREET SUITE 1900 LEXINGTON KY 40507 true true false false CHIEF EXECUTIVE OFFICER 0 Common Stock 2023-06-21 5 D 0 739882 0 D 0 D Class A common stock 2023-06-21 5 A 0 739882 0 A 739882 D Common Stock 2023-06-21 5 D 0 5000 0 D 0 I By Daughter Class A common stock 2023-06-21 5 A 0 5000 0 A 5000 I By Daughter Common Stock 2023-06-21 5 D 0 2178702 0 D 0 I Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD Class A common stock 2023-06-21 5 A 0 2178702 0 A 2178702 I Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD Class A common stock 2023-06-30 4 F 0 180001 8.44 D 559881 D Class B common stock 2023-06-21 5 A 0 147976 0 A 147976 D Class B common stock 2023-06-21 5 A 0 1000 0 A 1000 I By Daughter Class B common stock 2023-06-21 5 A 0 435740 0 A 435740 I Trustee for the Randall Whittaker Atkins Revocable Trust U/A DTD Class B common stock 2023-06-30 4 F 0 34786 10.61 D 113190 D Restricted Stock Units 0 2023-06-21 5 D 0 61729 0 D Common Stock 61729 0 D Restricted Stock Units 0 2023-06-21 5 D 0 144704 0 D Common Stock 144704 0 D Restricted Stock Units 0 2023-06-21 5 A 0 61729 0 A Class A common stock 61729 61729 D Restricted Stock Units 0 2023-06-21 5 A 0 144704 0 A Class A common stock 144704 206433 D Restricted Stock Units 0 2023-06-21 5 A 0 12345 0 A Class B common stock 12345 12345 D Restricted Stock Units 0 2023-06-21 5 A 0 28940 0 A Class B common stock 28940 41285 D Performance Stock Units 0 2023-06-21 5 D 0 92593 0 D 2024-12-31 Common Stock 92593 0 D Performance Stock Units 0 2023-06-21 5 D 0 144704 0 D 2025-12-31 Common Stock 144704 0 D Performance Stock Units 0 2023-06-21 5 A 0 92593 0 A 2024-12-31 Class A common stock 92593 92593 D Performance Stock Units 0 2023-06-21 5 A 0 144704 0 A 2025-12-31 Class A common stock 144704 237297 D Performance Stock Units 0 2023-06-21 5 A 0 18518 0 A 2024-12-31 Class B common stock 18518 18518 D Performance Stock Units 0 2023-06-21 5 A 0 28940 0 A 2025-12-31 Class B common stock 28940 47458 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. This transaction involved a gift of securities by the reporting person to his daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose. 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. 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 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 EX-24 2 ex24-07052023_100705.htm ex24-07052023_100705.htm


POWER OF ATTORNEY

The undersigned, as a Section 16 reporting person of Ramaco Resources, Inc. (the “Company”), hereby constitutes and appoints each of Randall W. Atkins and Barkley J. Sturgill, Jr. the undersigned’s true and lawful attorney-in-fact to:

1.

complete and execute such Forms 3, 4 and 5 and other forms and all amendments thereto as such attorney shall in his or her discretion determine to be required or advisable pursuant to Section 16 of the Securities Exchange Act of 1934 (as amended), and the rules and regulations promulgated thereunder, or any successor laws and regulations, as a consequence of the undersigned’s ownership, acquisition or disposition of securities of the Company, and

2.

do all acts necessary in order to file such forms with the Securities and Exchange Commission, any securities exchange or national association, the Company and such other person or agency as the attorney shall deem appropriate.

The undersigned hereby ratifies and confirms all that said attorneys-in-fact and agents shall do or cause to be done by virtue hereof. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 (as amended). This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

In witness whereof, the undersigned has caused this Power of Attorney to be executed as of this 23rd day of June, 2023.

Signature:

/s/ Randall W. Atkins

 

Name:

Randall W. Atkins


 




 

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Section 16 Power of Attorney - Randall Atkins.docx