Form 4: SunCoke Energy Executive Mark W. Marinko Reports Acquisition of 22,799 Restricted Share Units

Mark W. Marinko, SunCoke Energy's Senior Vice President and Chief Financial Officer, reported the acquisition of 22,799 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 with the SEC revealed that Mark W. Marinko, Senior Vice President and Chief Financial Officer of SunCoke Energy, Inc. [SXC], acquired 22,799 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: 5

Explanation: The document is a routine regulatory filing regarding executive compensation, and has a neutral sentiment.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment from the executive.

Industry Context

Executive compensation through equity grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholder sentiment as it aligns executive interests with shareholder value.

Key Dates