Form 4: SunCoke Energy Director Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Michael Ward was granted 21,652 restricted share units as part of the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan.
Summary
- Director Michael Ward received a grant of 21,652 restricted share units (RSUs) on May 14, 2026.
- The RSUs were awarded under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan.
- The units will be settled in shares of common stock upon the termination of the director's board service.
- Following this transaction, the director's total beneficial ownership of derivative securities is 75,214 units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified.
Risks
- Value of equity grants is subject to future fluctuations in SunCoke Energy common stock price.
Future Outlook
The RSUs are set to vest and settle in common stock upon the director's departure from the Board of Directors.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice designed to ensure long-term alignment between directors and shareholders in the energy and industrial sectors.
Comparison to Industry Standards
- The use of RSU grants for director compensation is consistent with standard practices for mid-cap industrial companies.
- The 1-for-1 conversion ratio is standard for equity incentive plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted share units under the Omnibus Long-Term Incentive Plan. | 05/14/2026 | Increases director equity stake, aligning incentives with shareholders. |
Stakeholder Impact
- Shareholders: Minimal impact, as this is a standard compensation event.
Next Steps
- Settlement of RSUs into common stock upon the director's termination of board service.
Key Dates
| Date | Description |
|---|---|
| 05/14/2026 | Date of RSU grant transaction |
| 05/18/2026 | Date of filing |
Keywords
SunCoke Energy, SXC, Form 4, Director Compensation, Restricted Share Units, Insider Transaction
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