Form 4: SunCoke Energy Director Susan R. Landahl Reports Acquisition of Restricted Share Units

Director Susan R. Landahl reports acquisition of 12,311 restricted share units (RSUs) of SunCoke Energy, Inc. on May 16, 2024.

Summary

• On May 16, 2024, Susan R. Landahl, a director of SunCoke Energy, Inc., acquired 12,311 restricted share units (RSUs).
• The RSUs were granted under 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 Board service.
• The conversion rate for the RSUs is 1 for 1.
• Following the reported transaction, Landahl directly owns 39,150 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

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, demonstrating confidence.

Future Outlook

The RSUs will be settled in shares of common stock following termination of Board service, indicating a future event tied to the director's tenure.

Industry Context

This type of equity compensation is common for directors to align their interests with shareholders and incentivize 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.
• The specific amount and vesting schedule of RSUs can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.
• The compensation structure aligns the director's interests with those of the shareholders.

Key Dates