Warrior Met Coal's CEO Sells Shares Worth $10 Million

This Alabama-based ember exporter reported important insider selling amid a twelvemonth of beardown stock terms gains.

Walter J. Scheller, Chief Executive Officer of Warrior Met Coal (NYSE:HCC), executed an open-market merchantability of 100,000 straight held shares connected Jan. 12, arsenic disclosed successful this SEC Form 4 filing.

Transaction worth based connected SEC Form 4 reported terms ($100.31); post-transaction worth based connected Jan. 12 marketplace adjacent ($100.20).

• How important was the merchantability successful the discourse of Scheller's wide holdings?
  The 100,000 shares sold constituted 25.4% of his nonstop holdings.

• Were indirect holdings oregon affiliated entities progressive successful this transaction?
  No; each shares sold were straight owned by Scheller with nary indirect (trust oregon LLC) entities participating.

• What was the marketplace discourse and rationale for execution timing?
  The merchantability was executed astatine a weighted mean terms astir $100.31, intimately successful enactment with the Jan. 12 marketplace adjacent of $100.20.

Note: 1-year terms alteration calculated arsenic of Jan. 12.

Warrior Met Coal is simply a starring U.S.-based shaper of high-quality metallurgical coal, supplying planetary steelmakers from its operations successful Alabama. The institution leverages its strategical export absorption and established lawsuit relationships to support a competitory presumption successful the planetary alloy proviso chain.

• Produces and exports non-thermal metallurgical coal, chiefly for usage successful alloy production; it besides sells earthy state arsenic a byproduct.

• Generates gross done the extraction and merchantability of metallurgical ember from 2 underground mines successful Alabama, with a absorption connected export markets.

• Serves blast furnace alloy producers, chiefly successful Europe, South America, and Asia.

Warrior Met Coal’s CEO, Walter Scheller, precocious sold a important magnitude of stock. His 100,000 stock merchantability represented astir one-quarter of his holdings.

However, the transaction was executed via his 10b5-1 trading plan. That means the transaction was done connected a prearranged docket alternatively than opportunistically. That means investors shouldn’t work thing into the merchantability astir the executive’s assurance successful Warrior Met Coal’s prospects.