Form 4: SunCoke Energy Executive Phillip Michael Hardesty Reports Stock Transactions

Phillip Michael Hardesty, a Senior Vice President at SunCoke Energy, reported the acquisition and disposal of common stock and restricted share units (RSUs) in recent transactions.

Summary

• Phillip Michael Hardesty, a Senior Vice President of SunCoke Energy, Inc. (SXC), filed a Form 4 detailing changes in beneficial ownership.
• On February 24, 2025, Hardesty acquired 8,683 shares of common stock through the vesting of RSUs and disposed of 3,673 shares to cover tax withholding at a price of $9.2.
• Additionally, on the same day, he acquired 7,792 shares through RSU vesting and disposed of 3,297 shares for tax withholding at $9.2.
• On February 21, 2025, Hardesty acquired 18,002 shares related to the settlement of a Performance Share Unit (PSU) award at $9.51.
• He also acquired 26,065 RSUs on February 21, 2025, which will vest in three equal annual installments.
• Following these transactions, Hardesty directly owns 244,830 shares of SunCoke Energy common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It reflects routine compensation practices.

Positives

• The acquisition of shares through RSU vesting and PSU settlement indicates a potential alignment of Hardesty's interests with the company's long-term performance.

Future Outlook

The reported RSU grants will vest in three equal annual installments, indicating future stock acquisitions by the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies, allowing investors to monitor the actions of company executives and directors.

Comparison to Industry Standards

• Executive compensation packages often include RSUs and PSUs to align management's interests with shareholder value, a common practice among publicly traded companies like SunCoke Energy.
• The vesting schedules and terms of these equity awards are generally consistent with industry norms, designed to incentivize long-term performance and retention.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares as RSUs vest.
• Employees who are also RSU recipients may be affected by the company's stock performance.

Key Dates