Director at Warrior Met Coal (NYSE: HCC) converts 2,534 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warrior Met Coal director Stephen D. Williams exercised 2,534 restricted stock units into common shares. The award converted on a one-for-one basis at an exercise price of $0.00 per share, reflecting equity compensation rather than an open-market purchase.
Following the transaction, Williams directly holds 35,103 shares of common stock. He also continues to hold restricted stock units tied to 1,423 underlying common shares, which were granted under company equity incentive plans and will be settled in stock after his service as a director ends under his irrevocable deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,534 shares exercised/converted
Mixed
3 txns
Insider
Williams Stephen D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,534 | $0.00 | -- |
| Exercise | Common Stock | 2,534 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 35,103 shares (Direct, null)
Footnotes (1)
- Represents the vesting of restricted stock units, which settle in shares of common stock on a one-for-one basis upon the reporting person's termination of service as a director in accordance with the reporting person's irrevocable deferral election. The restricted stock units were granted to the reporting person under the Warrior Met Coal, Inc. 2017 Equity Incentive Plan, and vest in full on the first anniversary of April 23, 2025, the date of grant, and will be settled in shares of common stock upon the reporting person's termination of service as a director in accordance with the reporting person's irrevocable deferral election. The restricted stock units were granted to the reporting person under the Warrior Met Coal, Inc. 2026 Equity Incentive Plan, and vest in full on the first anniversary of April 20, 2026, the date of grant, and will be settled in shares of common stock upon the reporting person's termination of service as a director in accordance with the reporting person's irrevocable deferral election.
Key Figures
RSUs exercised: 2,534 units
Exercise price: $0.00 per share
Common shares after transaction: 35,103 shares
+2 more
5 metrics
RSUs exercised
2,534 units
Restricted Stock Units converted into common stock
Exercise price
$0.00 per share
Conversion of RSUs into common stock
Common shares after transaction
35,103 shares
Direct holdings of Stephen D. Williams post-transaction
Remaining RSU underlying shares
1,423 shares
Underlying common stock for outstanding restricted stock units
Exercise transactions
1 transaction
Derivative exercise/conversion counted in transactionSummary
Key Terms
Restricted Stock Units, Equity Incentive Plan, irrevocable deferral election, vesting, +1 more
5 terms
Restricted Stock Units financial
"Represents the vesting of restricted stock units, which settle in shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"granted to the reporting person under the Warrior Met Coal, Inc. 2017 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
irrevocable deferral election financial
"settle in shares of common stock upon the reporting person's termination of service as a director in accordance with the reporting person's irrevocable deferral election"
vesting financial
"vest in full on the first anniversary of April 23, 2025, the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"settle in shares of common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Warrior Met Coal (HCC) report for Stephen D. Williams?
Warrior Met Coal reported that director Stephen D. Williams exercised 2,534 restricted stock units into common stock at an exercise price of $0.00 per share. This reflects the conversion of equity compensation rather than an open-market stock purchase or sale.
What are the terms of Stephen D. Williams’ restricted stock units at Warrior Met Coal (HCC)?
Williams’ restricted stock units generally vest in full on the first anniversary of their grant date and settle one-for-one in common stock. Settlement occurs when his service as a director ends, according to his irrevocable deferral election under Warrior Met Coal’s equity incentive plans.
Which Warrior Met Coal (HCC) equity incentive plans granted Stephen D. Williams RSUs?
Footnotes state Williams received RSUs under the Warrior Met Coal, Inc. 2017 Equity Incentive Plan and the 2026 Equity Incentive Plan. These units vest after one year from their respective grant dates and settle in common stock upon his termination of service as a director.