Form 4: SunCoke Energy CEO Katherine Gates Reports Stock Transactions
SEC Form 4 Filing
Katherine Gates, CEO and President of SunCoke Energy, reports acquisition and disposal of common stock and restricted stock units (RSUs) related to vesting and tax obligations.
Summary
- Katherine Gates, CEO and President of SunCoke Energy, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 24, 2025, Ms. Gates acquired 17,879 shares of common stock and disposed of 7,921 shares to cover tax withholding requirements related to the vesting of RSUs.
- Also on February 24, 2025, she acquired 38,480 shares of common stock and disposed of 17,047 shares for tax withholding.
- On February 21, 2025, Ms. Gates acquired 20,179 shares related to the settlement of Performance Share Units (PSUs).
- She also acquired 147,692 RSUs on February 21, 2025.
- Following these transactions, Ms. Gates directly owns 241,324 shares of common stock and 147,692 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are related to standard executive compensation practices (RSU vesting and tax obligations). There is no indication of unusual activity or strategic shifts.
Positives
- The acquisition of shares through RSU vesting and PSU settlement indicates confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax withholding obligations reduces the executive's net holdings, although this is a common practice.
Risks
- Executive stock transactions can sometimes be interpreted as a signal of the company's prospects, although in this case, the transactions appear to be routine due to vesting and tax obligations.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Grant date of RSUs that vest in three equal annual installments. |
| 02/22/2024 | Grant date of RSUs that vest in three equal annual installments. |
| 02/21/2025 | Date of PSU settlement and acquisition of common stock; Grant date of RSUs that vest in three equal annual installments. |
| 02/24/2025 | Date of RSU vesting, acquisition of common stock, and disposal of shares for tax withholding. |
| 02/23/2026 | Expiration date of RSUs granted on 02/23/2023. |
| 02/22/2027 | Expiration date of RSUs granted on 02/22/2024. |
| 02/21/2028 | Expiration date of RSUs granted on 02/21/2025. |
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