Form 4: SunCoke Energy Executive John F. Quanci Reports Stock Transactions

John F. Quanci, Chief Technology Officer of SunCoke Energy, Inc., reports the vesting and disposal of restricted stock units (RSUs) and resulting common stock transactions on February 26, 2024.

Summary

• On February 26, 2024, John F. Quanci, the Chief Technology Officer of SunCoke Energy, Inc., engaged in transactions involving the company's stock.
• These transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposal of the underlying common stock.
• Specifically, 6,875 RSUs vested and were settled in cash, resulting in the disposal of 6,875 shares of common stock at a price of $10.84 per share.
• Additionally, 6,462 and 5,531 RSUs vested and were settled in cash, resulting in the disposal of 6,462 and 5,531 shares of common stock at a price of $10.84 per share.
• Following these transactions, Quanci directly owns 19,922 shares of SunCoke Energy common stock.
• The transactions were executed under Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• The reporting of RSU vesting and subsequent stock disposal is a common occurrence among executives of publicly listed companies, such as those in the steel and energy sectors like ArcelorMittal or Peabody Energy.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates