Form 4: SunCoke Energy Director Mikhalevsky Receives Restricted Share Units

Director Andrei Alexander Mikhalevsky of SunCoke Energy, Inc. reports acquisition of restricted share units (RSUs) convertible to common stock.

Summary

• Andrei Alexander Mikhalevsky, a director of SunCoke Energy, Inc., filed a Form 4 to report changes in beneficial ownership.
• On May 15, 2025, Mikhalevsky was granted 14,412 restricted share units (RSUs) under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan.
• 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 reported transaction, Mikhalevsky beneficially owns 41,269 derivative securities.
• The transaction was exempt under Rule 16b-3.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The transaction is part of the company's long-term incentive plan, suggesting a commitment to rewarding board members.

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 for compensating and incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Equity-based compensation, such as RSUs, is a standard practice among publicly traded companies to align the interests of directors with those of shareholders.
• Companies like Peabody Energy and Arch Resources also utilize similar long-term incentive plans for their executives and board members.

Stakeholder Impact

• The grant of RSUs could have a minor dilutive effect on existing shareholders when the units are converted to common stock.

Key Dates

Keywords

SunCoke Energy, Director, Mikhalevsky, Restricted Share Units, RSUs, Beneficial Ownership, Form 4, Incentive Plan, Common Stock