Form 4: SunCoke Energy CEO Reports Equity Transactions
Insider Transaction Report
SunCoke Energy's CEO and President, Katherine T. Gates, reported multiple transactions involving common stock and restricted share units, including vesting, tax withholdings, and a new RSU grant.
Summary
- Katherine T. Gates, CEO and President of SunCoke Energy, Inc. (SXC), reported several transactions involving the company's common stock and derivative securities.
- On February 24, 2026, 17,878 shares of Common Stock were acquired through the vesting of Restricted Share Units (RSUs).
- On February 24, 2026, 7,920 shares of Common Stock were disposed of at $5.88 per share to satisfy minimum statutory withholding requirements on RSU vesting.
- On February 24, 2026, an additional 38,480 shares of Common Stock were acquired through the vesting of RSUs.
- On February 24, 2026, 17,047 shares of Common Stock were disposed of at $6.22 per share to satisfy minimum statutory withholding requirements on RSU vesting.
- On February 23, 2026, 49,231 shares of Common Stock were acquired through the vesting of RSUs.
- On February 23, 2026, 21,842 shares of Common Stock were disposed of at $6.22 per share to satisfy minimum statutory withholding requirements on RSU vesting.
- On February 24, 2026, 10,695 shares of Common Stock were acquired from the settlement of a Performance Share Unit (PSU) award granted on February 23, 2023.
- A new grant of 274,927 Restricted Share Units (RSUs) was awarded on February 19, 2026, vesting in three equal annual installments on the first, second, and third anniversaries of the grant date.
- Following these reported transactions, Katherine T. Gates beneficially owns 316,676 shares of Common Stock directly.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine executive compensation activities including significant RSU grants and PSU settlements, which align executive interests with long-term company performance.
Positives
- The CEO received a new grant of 274,927 Restricted Share Units (RSUs), aligning her incentives with long-term company performance.
- Performance Share Unit (PSU) awards granted in 2023 settled, resulting in the acquisition of 10,695 shares of common stock, indicating successful achievement of performance targets.
Negatives
- A total of 46,809 shares of common stock were disposed of across multiple transactions at prices of $5.88 and $6.22 to cover statutory tax withholding requirements related to RSU vesting.
Future Outlook
The newly granted 274,927 Restricted Share Units (RSUs) will vest in three equal annual installments, beginning on February 19, 2027, and continuing through February 19, 2029, providing future equity compensation to the CEO.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes. These transactions are typical for executives receiving equity-based compensation, reflecting the routine vesting of long-term incentive awards and subsequent tax-related dispositions.
Stakeholder Impact
- Shareholders gain transparency into the compensation structure and ownership changes of a key executive, which can reinforce confidence in management's alignment with long-term company performance.
Next Steps
- Future vesting of the 274,927 RSUs granted on February 19, 2026, with installments on February 19, 2027, February 19, 2028, and February 19, 2029.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Grant date for a Performance Share Unit (PSU) award. |
| 02/23/2024 | Date exercisable for RSUs granted on 02/23/2023. |
| 02/22/2024 | Grant date for RSUs. |
| 02/21/2025 | Grant date for RSUs. |
| 02/22/2025 | Date exercisable for RSUs granted on 02/22/2024. |
| 02/19/2026 | Grant date for new RSUs and earliest transaction date for this filing. |
| 02/21/2026 | Date exercisable for RSUs granted on 02/21/2025. |
| 02/23/2026 | Transaction date for RSU vesting and tax withholding; expiration date for RSUs granted on 02/23/2023. |
| 02/24/2026 | Transaction date for RSU vesting, tax withholding, and PSU settlement. |
| 02/19/2027 | First vesting date for RSUs granted on 02/19/2026. |
| 02/22/2027 | Expiration date for RSUs granted on 02/22/2024. |
| 02/21/2028 | Expiration date for RSUs granted on 02/21/2025. |
| 02/19/2029 | Expiration date for RSUs granted on 02/19/2026. |
Recommendation
holdThis Form 4 details routine compensation-related stock transactions for a key executive, including RSU vesting, tax withholdings, PSU settlement, and a new RSU grant. These are standard events and do not provide new fundamental information to warrant a change in investment recommendation. The significant new RSU grant aligns executive incentives with long-term company performance, which is generally positive, but not a catalyst for a 'buy' recommendation on its own.
Keywords
SunCoke Energy, SXC, Katherine T. Gates, Form 4, Insider Trading, Executive Compensation, Restricted Share Units, Performance Share Units, Common Stock, Equity Transactions
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.