Form 4: SunCoke Energy Director Andrei Mikhalevsky Reports Acquisition of Restricted Share Units

Director Andrei Mikhalevsky reports acquisition of 12,311 restricted share units (RSUs) of SunCoke Energy, Inc. on May 16, 2024, under the company's Omnibus Long-Term Incentive Plan.

Summary

• On May 16, 2024, Andrei Alexander Mikhalevsky, a director of SunCoke Energy, Inc. [SXC], acquired 12,311 restricted share units (RSUs).
• The RSUs were granted pursuant to the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3.
• These RSUs will be settled in shares of common stock following the termination of Mikhalevsky's Board service.
• The conversion rate for the RSUs is 1 for 1.
• Following the transaction, Mikhalevsky directly owns 26,857 derivative securities.
• The transaction was reported in a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard equity grant to a director, aligning interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The acquisition increases the director's stake in the company.

Future Outlook

The RSUs will be settled in shares of common stock following termination of Board service.

Industry Context

This type of equity grant is a common practice to align the interests of company directors with those of shareholders, incentivizing them to focus on long-term value creation.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also utilize equity-based compensation for their directors to align their interests with shareholders.
• The specific amount and vesting schedule of RSUs can vary based on company size, industry, and individual director responsibilities.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.

Key Dates