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

Senior Vice President Phillip Michael Hardesty of SunCoke Energy, Inc. reports the vesting and disposal of restricted stock units (RSUs) to cover tax obligations.

Summary

• On February 23, 2024, Phillip Michael Hardesty, a Senior Vice President at SunCoke Energy, Inc., reported transactions involving common stock and Restricted Stock Units (RSUs).
• Hardesty vested 8,683 RSUs, 12,923 RSUs and 10,145 RSUs which converted into common stock.
• A portion of the shares were then disposed of to satisfy tax withholding requirements.
• The price per share for the disposed shares was $10.84.
• Following these transactions, Hardesty directly owns 217,323 shares of SunCoke Energy, Inc.
• The transactions were related to the vesting of RSUs granted under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan and Long-Term Performance Enhancement Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider activity.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates