Form 4: SunCoke Energy Director Katherine T. Gates Reports Acquisition of 115,439 Restricted Share Units

Katherine T. Gates, a Director and President of SunCoke Energy, Inc., reported the acquisition of 115,439 restricted share units (RSUs) on February 22, 2024.

Summary

• On February 22, 2024, Katherine T. Gates, a Director and President of SunCoke Energy, Inc. (SXC), acquired 115,439 restricted share units (RSUs).
• These RSUs were granted under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3.
• The RSUs vest in three equal installments on the first, second, and third anniversary of the grant date, starting February 22, 2025.
• The conversion rate for the RSUs is 1 for 1, meaning each RSU converts into one share of common stock.
• Following the transaction, Ms. Gates directly owns 115,439 shares of SunCoke Energy, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reporting an insider transaction. The grant of RSUs is generally viewed as a positive incentive for management.

Positives

• The acquisition of RSUs by a company director can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedule of the RSUs (three equal installments annually) aligns the director's interests with the long-term success of the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings of company executives and directors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates the director's alignment with the company's long-term interests.

Key Dates