Form 4: SunCoke Energy Executive Hardesty Reports Stock Transactions
SEC Form 4 Filing
Phillip Michael Hardesty, a Senior Vice President at SunCoke Energy, reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 24, 2025, Phillip Michael Hardesty, a Senior Vice President of SunCoke Energy, Inc. [SXC], reported transactions involving common stock.
- Hardesty vested 10,144 shares of common stock from restricted stock units (RSUs).
- 4,291 shares were withheld by SunCoke Energy to satisfy minimum statutory withholding requirements at a price of $9.23 per share.
- Following these transactions, Hardesty directly owns 250,683 shares of SunCoke Energy common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date of RSU grant |
| 02/24/2023 | First vesting date of RSUs |
| 02/24/2025 | Date of transaction: Vesting of RSUs and tax withholding |
| 02/26/2025 | Date of Form 4 filing |
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