Ramaco Resources (NASDAQ: METC) EVP reports major PSU and RSU vesting

Rhea-AI Filing Summary

Ramaco Resources executive James Scott Kreutzer reported multiple equity award vestings and related share withholding on January 30, 2026. Performance stock units granted in 2023 vested after the compensation committee certified pre‑established performance targets at 200%, resulting in vesting for 23,970 shares of Class A and 4,794 shares of Class B common stock. Several tranches of restricted stock and restricted stock units in both share classes also vested, with portions of the resulting shares surrendered at prices of $19.97 for Class A and $12.43 for Class B to satisfy tax obligations. Following these transactions, Kreutzer directly owned 55,080 shares of Class A common stock and 11,006 shares of Class B common stock as of January 30, 2026.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kreutzer James Scott

(Last) (First) (Middle)

250 W. MAIN STREET

SUITE 1900

(Street)

LEXINGTON KY 40507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ramaco Resources, Inc. [ METC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Western Operations

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	01/30/2026		F(1)		1,282	D	$19.97	16,657	D
Class A common stock	01/30/2026		M(2)(9)		47,940	A	$0	64,597	D
Class A common stock	01/30/2026		F(3)		21,717	D	$19.97	42,880	D
Class A common stock	01/30/2026		M(4)(5)(6)		22,304	A	$0	65,184	D
Class A common stock	01/30/2026		F(3)		10,104	D	$19.97	55,080	D
Class B common stock	01/30/2026		M(2)(11)		9,588	A	$0	13,619(7)	D
Class B common stock	01/30/2026		F(16)		4,343	D	$12.43	9,276	D
Class B common stock	01/30/2026		M(4)		1,598	A	$0	10,874	D
Class B common stock	01/30/2026		F(16)		724	D	$12.43	10,150	D
Class B common stock	01/30/2026		M(14)		2,033	A	$0	12,183	D
Class B common stock	01/30/2026		F(16)		921	D	$12.43	11,262	D
Class B common stock	01/30/2026		F(17)		256	D	$12.43	11,006	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(8)	01/30/2026		M(2)			23,970	(2)	(2)	Class A common stock	23,970	$0	0	D
Performance Stock Units	(8)	01/30/2026		A(2)		23,970(9)		(2)	(2)	Class A common stock	23,970	$0	23,970	D
Performance Stock Units	(8)	01/30/2026		M(2)			23,970(9)	(2)	(2)	Class A common stock	23,970	$0	0	D
Performance Stock Units	(10)	01/30/2026		M(2)			4,794	(2)	(2)	Class B common stock	4,794	$0	0	D
Performance Stock Units	(10)	01/30/2026		A(2)		4,794(11)		(2)	(2)	Class B common stock	4,794	$0	4,794	D
Performance Stock Units	(10)	01/30/2026		M(2)			4,794(11)	(2)	(2)	Class B common stock	4,794	$0	0	D
Restricted Stock Units	(12)	01/30/2026		M(4)			7,990	(4)	(4)	Class A common stock	7,990	$0	0	D
Restricted Stock Units	(12)	01/30/2026		M(5)			4,635	(5)	(5)	Class A common stock	4,635	$0	4,634	D
Restricted Stock Units	(12)	01/30/2026		M(6)			9,679	(6)	(6)	Class A common stock	9,679	$0	19,360	D
Restricted Stock Units	(13)	01/30/2026		M(4)			1,598	(4)	(4)	Class B common stock	1,598	$0	0	D
Dividend Equivalent Units	(14)	01/30/2026		M			2,033	(15)	(15)	Class B common stock	2,033	$0	0	D

Explanation of Responses:

1. On September 12, 2022, the Reporting Person received a restricted stock grant of 8,489 shares (the "September Grant") under the Ramaco Resources, Inc. 's (the "Company") 2017 Long Term Incentive Plan. The third and final annual installment under the September Grant vested on January 30, 2026. Amount reflects shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.

2. The performance stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 30, 2026 upon certification of performance by the Company's Compensation Committee of the Board of Directors (the "Committee"). The Committee certified the achievement of pre-established performance targets at 200% for the performance period beginning on January 1, 2023 and ending on December 31, 2025. As a result of the Committee Certification, the vesting of additional performance stock units for 23,970 shares of Class A and 4,794 shares of Class B stock was approved.

3. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class A common stock on January 29, 2026.

4. The third and final installment of restricted stock units granted on February 20, 2023 under the Company's Long Term Incentive Plan vested on January 30, 2026.

5. The second installment of restricted stock granted on February 29, 2024 under the Company's Long Term Incentive Plan vested on January 30, 2026. One annual installment remains from this grant.

6. The first installment of restricted stock units granted on February 24, 2025 under the Company's Long Term Incentive Plan vested on January 30, 2026. Two annual installments remain from this grant.

7. As a result of the four common stock dividends paid in Class B common stock 1) declared on December 5, 2024 and paid on March 14, 2025, 2) declared on March 17, 2025 and paid on June 13, 2025, 3) declared on August 22, 2025 and paid on September 19, 2025, and 4) declared on November 14, 2025 and paid on December 5, 2025 the reporting person received a total of 547 shares of Class B common Stock, which are included in the reported amount.

8. Each performance stock unit represents a contingent right to receive one share of Class A common stock.

9. Amount includes 23,970 Performance Stock Units for Class A common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. See Footnote 2.

10. Each performance stock unit represents a contingent right to receive one share of Class B common stock.

11. Amount includes 4,794 Performance Stock Units for Class B common stock that vested because more than 100% of the pre-established performance targets were achieved during the performance period. Please see Footnote 2.

12. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

13. Each restricted stock unit represents a contingent right to receive one share of Class B common stock.

14. Dividend equivalent units underlying the three tranches of restricted stock units and the tranche of performance stock units listed above with respect to Class A common stock and with respect to Class B common stock. See footnotes 2, 4, 5 and 6 for further detail.

15. See Footnote 7 for further detail regarding the stock dividends.

16. Shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 29, 2026.

17. On June 21, 2023, the Reporting Person received a restricted stock grant of 1,697 Class B shares (the "June Distribution") in the Company's distribution of the Class B common stock. The third and final annual installment under the June Distribution vested on January 30, 2026. Amount reflects shares surrendered upon vesting to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on January 29, 2026.

Remarks:

	/s/ Jonathan T Adkins, Attorney in Fact	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Ramaco Resources (METC) report for James Scott Kreutzer?

Ramaco Resources reported that EVP Western Operations James Scott Kreutzer had multiple performance stock units and restricted stock units vest on January 30, 2026. Some of the resulting Class A and Class B shares were surrendered to cover tax obligations, with the remainder increasing his directly held ownership positions.

How did performance targets affect Ramaco Resources (METC) equity awards in this filing?

The compensation committee certified that pre‑established performance targets for a 2023 grant were achieved at 200%. This certification caused additional performance stock units to vest, covering 23,970 shares of Class A common stock and 4,794 shares of Class B common stock, significantly increasing the equity delivered to the reporting executive.

What are performance stock units and how were they settled for METC’s executive?

Performance stock units are awards that convert into shares if specific performance goals are met. For James Scott Kreutzer, each unit represented a right to receive one share of Class A or Class B stock, and vested units were settled in shares on January 30, 2026 after the performance certification.

Why were some Ramaco Resources (METC) shares surrendered by the executive?

Shares were surrendered upon vesting to satisfy tax withholding obligations tied to the equity awards. The number of surrendered Class A shares used the January 29, 2026 closing price of $19.97, while surrendered Class B shares used the same date’s $12.43 closing price to determine the tax-related share amounts.

How many Ramaco Resources (METC) shares does the executive own after these transactions?

After all vesting and tax‑related surrenders on January 30, 2026, James Scott Kreutzer directly owned 55,080 shares of Class A common stock and 11,006 shares of Class B common stock. These figures reflect both the new shares delivered and those withheld to meet tax obligations.

What restricted stock and RSU activity was disclosed for METC’s executive?

The filing shows the third and final installments of certain restricted stock and restricted stock units granted in 2022 and 2023, plus additional installments from 2024 and 2025 grants, vested on January 30, 2026. Some associated dividend-equivalent units and related Class B stock awards were also settled.