Form 4: SunCoke Energy Executive Phillip Michael Hardesty Reports Acquisition of Restricted Share Units

Phillip Michael Hardesty, a Senior Vice President at SunCoke Energy, reported the acquisition of 23,376 restricted share units (RSUs) on February 22, 2024, according to a Form 4 filing with the SEC.

Summary

• On February 22, 2024, Phillip Michael Hardesty, Senior Vice President of SunCoke Energy, Inc. [SXC], acquired 23,376 restricted share units (RSUs).
• These RSUs were granted pursuant to the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3.
• The RSUs vest in three equal installments on the first, second, and third anniversary of the grant date.
• The conversion rate for the RSUs is 1 for 1 into common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The RSU grant is a positive sign, but it's part of a routine compensation plan.

Positives

• The acquisition of RSUs by a senior executive signals confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs suggests a long-term commitment by the executive to the company's success.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of the shareholders, encouraging long-term value creation.

Key Dates