Form 4: SunCoke Energy CEO Michael Rippey Sells Shares in Open Market Transactions
SEC Form 4 Filing
SunCoke Energy's CEO, Michael G Rippey, recently sold a significant number of company shares in two separate transactions.
Summary
- Michael G Rippey, the CEO of SunCoke Energy, Inc., sold shares of the company's common stock on March 11 and March 12, 2024.
- On March 11, 2024, Rippey sold 122,533 shares at a price of $11.11 per share.
- On March 12, 2024, he sold an additional 100,000 shares at $11.05 per share.
- Following these transactions, Rippey directly owns 421,073 shares of SunCoke Energy.
Sentiment
Score: 5
Explanation: The document itself is neutral, simply reporting the facts of the stock sales. The sentiment is neutral as it is a standard regulatory filing.
Industry Context
Insider sales are a common occurrence, but large sales by a CEO can sometimes be interpreted negatively by the market, depending on the context and the company's performance.
Stakeholder Impact
- Shareholders may react to the CEO's stock sales, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Michael Rippey sold 122,533 shares of SunCoke Energy at $11.11 per share. |
| 03/12/2024 | Michael Rippey sold 100,000 shares of SunCoke Energy at $11.05 per share. |
| 03/13/2024 | Date of signature by Attorney-in-Fact, Samantha Pesina. |
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