Form 4: SunCoke Energy CEO Michael Rippey Sells Shares in March 2024
SEC Form 4 Filing
SunCoke Energy's CEO, Michael Rippey, executed two transactions involving the sale of company stock in early March 2024.
Summary
- Michael G Rippey, the CEO of SunCoke Energy, Inc. (SXC), reported changes in beneficial ownership of the company's stock.
- On March 1, 2024, Rippey sold 1,707 shares of common stock at a price of $10.85 per share.
- Following this transaction, Rippey directly owned 812,027 shares.
- On March 4, 2024, Rippey sold 48,618 shares of common stock at a price of $10.93 per share.
- After the second transaction, Rippey directly owned 763,409 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sales by the CEO could have a minor impact on shareholder sentiment, depending on how the market interprets the transactions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Michael Rippey sold 1,707 shares of SunCoke Energy stock at $10.85 per share. |
| 03/04/2024 | Michael Rippey sold 48,618 shares of SunCoke Energy stock at $10.93 per share. |
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