Form 4: SunCoke Energy Director Michael Ward Lewis Reports Acquisition of Restricted Share Units

Director Michael Ward Lewis reports acquisition of 12,311 restricted share units (RSUs) of SunCoke Energy, Inc. on May 16, 2024, convertible to common stock upon termination of board service.

Summary

• On May 16, 2024, Michael Ward Lewis, a director of SunCoke Energy, Inc., reported the acquisition of 12,311 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 will be settled in shares of common stock following the termination of Mr. Lewis's board service.
• The conversion rate for the RSUs is 1 for 1.
• Following the reported transaction, Mr. Lewis directly owns 39,150 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing the grant of restricted share units to a company director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at SunCoke Energy.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Key Dates