Ramaco Resources (METC) CEO exercises stock options, withholds shares for tax
Rhea-AI Filing Summary
Ramaco Resources, Inc. chief executive officer Randall Whittaker Atkins reported multiple equity transactions involving stock options and common shares. He exercised employee stock options for 448,712 shares of Class A common stock and 89,742 shares of Class B common stock, with the derivative exercise recorded at a $0.00 option price.
To cover tax obligations tied to these exercises, he surrendered 271,525 shares of Class A common stock at $14.93 per share and 35,313 shares of Class B common stock at $12.81 per share, characterized as tax-withholding dispositions rather than open-market sales. After these direct transactions, he directly owned 983,897 Class A shares and 235,042 Class B shares.
Indirect holdings include 2,178,702 Class A shares and 544,188 Class B shares held through the Randall Whittaker Atkins Revocable Trust, where he is trustee. Additional indirect holdings of 5,000 Class A shares and 1,246 Class B shares are held by his daughter, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 448,712 | $0.00 | -- |
| Exercise | Class A common stock | 448,712 | $5.34 | $2.40M |
| Tax Withholding | Class A common stock | 271,525 | $14.93 | $4.05M |
| Exercise | Class B common stock | 89,742 | $0.00 | -- |
| Tax Withholding | Class B common stock | 35,313 | $12.81 | $452K |
| holding | Class A common stock | -- | -- | -- |
| holding | Class B common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class B common stock | -- | -- | -- |
Footnotes (1)
- Shares surrendered upon exercise of employee stock options to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on February 26, 2026. On June 21, 2023, Ramaco Resources, Inc. (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 (the "Class B common stock"), per share of existing common stock held by each holder as of the Record Date for the Distribution. The Reporting Person held an option for 448,712 shares of common stock on the record date for the Distribution and thus, in accordance with the Company's Long-Term Incentive Plan, such option became exercisable for 448,712 shares of Class A common stock and 89,742 shares of Class B common stock. Shares surrendered upon exercise of employee stock options to satisfy tax obligations. The number of shares surrendered was based on the closing price of the Issuer's Class B common stock on February 26, 2026. This holding is held by the Reporting Person's 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. This option was previously reported as an option for 448,712 shares of common stock. As a result of the Distribution, the option entitled the Reporting Person to receive, upon exercise, 448,712 shares of Class A common stock and 89,742 shares of Class B common stock.
