Form 4: SunCoke Energy Executive John F. Quanci Reports Acquisition of Restricted Share Units

John F. Quanci, Chief Technology Officer of SunCoke Energy, Inc., reported the acquisition of 14,889 restricted share units (RSUs) on February 22, 2024, according to a Form 4 filing with the SEC.

Summary

• On March 19, 2024, a Form 4 filing was submitted to the SEC, reporting a change in beneficial ownership for John F. Quanci, Chief Technology Officer of SunCoke Energy, Inc.
• The report details the acquisition of 14,889 restricted share units (RSUs) on February 22, 2024.
• These RSUs were granted under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3.
• The RSUs vest in three equal installments annually, starting on February 22, 2025, and ending on February 22, 2027.
• The conversion rate for the RSUs is 1 for 1, meaning each RSU converts into one share of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of RSUs is a standard practice and indicates confidence in the executive's continued contribution to the company. There are no explicitly negative aspects in the filing.

Positives

• The grant of RSUs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to SunCoke Energy.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the company's ongoing efforts to incentivize and retain key personnel.

Stakeholder Impact

• The grant of RSUs could have a slightly positive impact on shareholder sentiment, as it aligns executive interests with company performance.
• The vesting schedule may positively influence employee morale and retention.

Key Dates