Form 4: SunCoke Energy Executive Mark W. Marinko Reports Changes in Beneficial Ownership
SEC Form 4
Mark W. Marinko, SunCoke Energy's Senior VP and CFO, reports transactions involving common stock and restricted share units.
Summary
- On February 24, 2025, Mark W. Marinko, the Senior VP and CFO of SunCoke Energy, Inc. (SXC), reported transactions involving the company's common stock.
- These transactions included the acquisition of 8,469 shares and 7,600 shares through the vesting of Restricted Stock Units (RSUs) and the acquisition of 16,395 shares through the settlement of Performance Share Units (PSUs).
- The reporting person also disposed of shares to cover tax withholding requirements related to the vesting of RSUs and settlement of PSUs.
- Following these transactions, Marinko directly owns 39,050 shares of SunCoke Energy common stock.
- He also holds 8,468 RSUs from a 2023 grant, 15,199 RSUs from a 2024 grant and 25,421 RSUs from a 2025 grant.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine transactions related to executive compensation.
Positives
- The acquisition of shares through RSU vesting and PSU settlement indicates confidence in the company's performance.
Industry Context
This 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.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and do not represent a significant change in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Grant date of RSUs that vest in three equal annual installments. |
| 02/24/2022 | Grant date of Performance Share Unit (PSU) award. |
| 02/22/2024 | Grant date of RSUs that vest in three equal annual installments. |
| 02/21/2025 | Date of PSU settlement and grant date of RSUs that vest in three equal annual installments. |
| 02/24/2025 | Date of RSU vesting and related transactions. |
| 02/25/2025 | Date of Form 4 filing. |
| 02/23/2026 | Expiration date of RSUs granted on 02/23/2023. |
| 02/22/2027 | Expiration date of RSUs granted on 02/22/2024. |
| 02/21/2028 | Expiration date of RSUs granted on 02/21/2025. |
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