Executive at Ramaco Resources (METC) vests 200% performance stock awards

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Ramaco Resources EVP Christopher L. Blanchard reported multiple equity award vestings and related tax-withholding share surrenders on January 30, 2026. Performance stock units granted on February 20, 2023 vested after the compensation committee certified pre-set performance targets at 200% for the period from January 1, 2023 through December 31, 2025, triggering additional vesting of 65,631 Class A and 13,126 Class B shares.

Several restricted stock unit installments from 2023, 2024, and 2025 grants also vested. To cover tax obligations, shares of Class A common stock were surrendered at a price of $19.97 and shares of Class B common stock at $12.43, both based on January 29, 2026 closing prices. After these transactions, Blanchard directly held 519,271 shares of Class A common stock and 123,528 shares of Class B common stock.

Insider Trade Summary

220,884 shares exercised/converted

Mixed 21 txns

Insider Blanchard Christopher L

Role EVP Mine Planning & Developmen

Type	Security	Shares	Price	Value
Exercise	Performance Stock Units	65,631	$0.00	--
Grant/Award	Performance Stock Units	65,631	$0.00	--
Exercise	Performance Stock Units	65,631	$0.00	--
Exercise	Performance Stock Units	13,126	$0.00	--
Grant/Award	Performance Stock Units	13,126	$0.00	--
Exercise	Performance Stock Units	13,126	$0.00	--
Exercise	Restricted Stock Units	21,877	$0.00	--
Exercise	Restricted Stock Units	9,733	$0.00	--
Exercise	Restricted Stock Units	22,000	$0.00	--
Exercise	Restricted Stock Units	4,375	$0.00	--
Exercise	Dividend Equivalent Units	5,385	$0.00	--
Exercise	Class A common stock	131,262	$0.00	--
Tax Withholding	Class A common stock	57,952	$19.97	$1.16M
Exercise	Class A common stock	53,610	$0.00	--
Tax Withholding	Class A common stock	23,669	$19.97	$473K
Exercise	Class B common stock	26,252	$0.00	--
Tax Withholding	Class B common stock	11,590	$12.43	$144K
Exercise	Class B common stock	4,375	$0.00	--
Tax Withholding	Class B common stock	1,932	$12.43	$24K
Exercise	Class B common stock	5,385	$0.00	--
Tax Withholding	Class B common stock	2,377	$12.43	$30K

Holdings After Transaction: Performance Stock Units — 0 shares (Direct); Restricted Stock Units — 0 shares (Direct); Dividend Equivalent Units — 0 shares (Direct); Class A common stock — 547,282 shares (Direct); Class B common stock — 129,667 shares (Direct)

Footnotes (1)

The performance stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") 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 65,631 shares of Class A and 13,126 shares of Class B stock was approved. 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. 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. 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. 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. 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 12,976 shares of Class B common Stock, which are included in the reported amount. Each performance stock unit represents a contingent right to receive one share of Class A common stock. Amount includes 65,631 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 1. Each performance stock unit represents a contingent right to receive one share of Class B common stock. Amount includes 13,126 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 1. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. Each restricted stock unit represents a contingent right to receive one share of Class B common stock. 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 1, 3, 4 and 5 for further detail. See Footnote 6 for further detail regarding the stock dividends. 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.

Form 4 Insider Transactions: What Each Field Means →

02/02/2026 - 04:10 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Blanchard Christopher L

(Last)

(First)

(Middle)

250 WEST MAIN STREET

SUITE 1900

(Street)

LEXINGTON

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 Mine Planning & Developmen

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	01/30/2026		M⁽¹⁾⁽⁸⁾		131,262	A	$0	547,282	D
Class A common stock	01/30/2026		F⁽²⁾		57,952	D	$19.97	489,330	D
Class A common stock	01/30/2026		M⁽³⁾⁽⁴⁾⁽⁵⁾		53,610	A	$0	542,940	D
Class A common stock	01/30/2026		F⁽²⁾		23,669	D	$19.97	519,271	D
Class B common stock	01/30/2026		M⁽¹⁾⁽¹⁰⁾		26,252	A	$0	129,667⁽⁶⁾	D
Class B common stock	01/30/2026		F⁽¹⁵⁾		11,590	D	$12.43	118,077	D
Class B common stock	01/30/2026		M⁽³⁾		4,375	A	$0	122,452	D
Class B common stock	01/30/2026		F⁽¹⁵⁾		1,932	D	$12.43	120,520	D
Class B common stock	01/30/2026		M⁽¹³⁾		5,385	A	$0	125,905	D
Class B common stock	01/30/2026		F⁽¹⁵⁾		2,377	D	$12.43	123,528	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Stock Units	⁽⁷⁾	01/30/2026		M⁽¹⁾			65,631	⁽¹⁾	⁽¹⁾	Class A common stock	65,631	$0	0	D
Performance Stock Units	⁽⁷⁾	01/30/2026		A⁽¹⁾		65,631⁽⁸⁾		⁽¹⁾	⁽¹⁾	Class A common stock	65,631	$0	65,631⁽⁸⁾	D
Performance Stock Units	⁽⁷⁾	01/30/2026		M⁽¹⁾			65,631⁽⁸⁾	⁽¹⁾	⁽¹⁾	Class A common stock	65,631	$0	0	D
Performance Stock Units	⁽⁹⁾	01/30/2026		M⁽¹⁾			13,126	⁽¹⁾	⁽¹⁾	Class B common stock	13,126	$0	0	D
Performance Stock Units	⁽⁹⁾	01/30/2026		A⁽¹⁾		13,126⁽¹⁰⁾		⁽¹⁾	⁽¹⁾	Class B common stock	13,126	$0	13,126	D
Performance Stock Units	⁽⁹⁾	01/30/2026		M⁽¹⁾			13,126⁽¹⁰⁾	⁽¹⁾	⁽¹⁾	Class B common stock	13,126	$0	0	D
Restricted Stock Units	⁽¹¹⁾	01/30/2026		M⁽³⁾			21,877	⁽³⁾	⁽³⁾	Class A common stock	21,877	$0	0	D
Restricted Stock Units	⁽¹¹⁾	01/30/2026		M⁽⁴⁾			9,733	⁽⁴⁾	⁽⁴⁾	Class A common stock	9,733	$0	9,732	D
Restricted Stock Units	⁽¹¹⁾	01/30/2026		M⁽⁵⁾			22,000	⁽⁵⁾	⁽⁵⁾	Class A common stock	22,000	$0	43,998	D
Restricted Stock Units	⁽¹²⁾	01/30/2026		M⁽³⁾			4,375	⁽³⁾	⁽³⁾	Class B common stock	4,375	$0	0	D
Dividend Equivalent Units	⁽¹³⁾	01/30/2026		M			5,385	⁽¹⁴⁾	⁽¹⁴⁾	Class B common stock	5,385	$0	0	D

Explanation of Responses:

1. The performance stock units granted on February 20, 2023 under the Ramaco Resources, Inc.'s (the "Company") 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 65,631 shares of Class A and 13,126 shares of Class B stock was approved.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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 12,976 shares of Class B common Stock, which are included in the reported amount.

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

8. Amount includes 65,631 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 1.

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

10. Amount includes 13,126 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 1.

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

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

13. 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 1, 3, 4 and 5 for further detail.

14. See Footnote 6 for further detail regarding the stock dividends.

15. 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Ramaco Resources (METC) report for Christopher L. Blanchard?

Ramaco Resources reported that EVP Christopher L. Blanchard had performance stock units and restricted stock units vest on January 30, 2026. These equity awards converted into Class A and Class B shares, reflecting compensation tied to multi-year performance and service conditions.

How many Ramaco Resources (METC) performance stock units vested for the EVP?

Performance stock units for 65,631 shares of Class A and 13,126 shares of Class B common stock vested for EVP Christopher L. Blanchard. Vesting followed certification that pre-established performance targets for the 2023–2025 period were achieved at 200% of the original goals.

Why did Christopher L. Blanchard surrender Ramaco Resources (METC) shares?

Shares were surrendered to satisfy tax obligations triggered by the vesting of equity awards. The surrendered Class A shares used a price of $19.97 and Class B shares used $12.43, both based on the issuer’s January 29, 2026 closing stock prices as disclosed.

What Ramaco Resources (METC) equity grants vested for the EVP besides performance units?

In addition to performance stock units, several restricted stock unit installments vested. These came from grants dated February 20, 2023, February 29, 2024, and February 24, 2025 under the company’s Long Term Incentive Plan, with remaining future installments on some grants noted.

How many Ramaco Resources (METC) shares does the EVP hold after these transactions?

Following the reported January 30, 2026 transactions, Christopher L. Blanchard directly owned 519,271 shares of Ramaco Resources Class A common stock and 123,528 shares of Class B common stock. These figures reflect the combined effect of vestings and tax-withholding share surrenders.

What role did Ramaco Resources’ performance targets play in the EVP’s stock vesting?

The compensation committee certified that pre-established performance targets for January 1, 2023 through December 31, 2025 were achieved at 200%. This certification approved vesting of additional performance stock units covering 65,631 Class A shares and 13,126 Class B shares for the executive.