Form 4: SunCoke Energy CEO Michael Rippey Reports Stock Transactions
SEC Form 4 Filing
Michael Rippey, CEO of SunCoke Energy, reported the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units (RSUs).
Summary
- Michael G Rippey, the CEO of SunCoke Energy, Inc., reported transactions involving the company's common stock on February 23, 2024.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares by the company to satisfy minimum statutory withholding requirements.
- Rippey acquired shares through the vesting of RSUs and then had shares withheld to cover taxes.
- The price per share for the withholding was $10.84.
- After these transactions, Rippey directly owns 813,734 shares of SunCoke Energy common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. It reflects standard corporate practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Grant date of RSUs under the Long-Term Performance Enhancement Plan. |
| 02/24/2022 | Grant date of RSUs under the Long-Term Performance Enhancement Plan. |
| 02/23/2023 | Grant date of RSUs under the Omnibus Long-Term Incentive Plan. |
| 02/23/2024 | Date of transactions: vesting of RSUs and withholding of shares for taxes. |
| 02/23/2026 | Expiration date of RSUs granted on 02/23/2023. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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