SunCoke Energy (SXC) CFO details multi-year RSU awards and vesting
Rhea-AI Filing Summary
SunCoke Energy, Inc. Chief Financial Officer Shantanu Agrawal filed an initial ownership report showing direct holdings of several restricted share unit (RSU) awards tied to the company’s common stock. These RSUs were granted under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
The filing lists RSUs linked to 2,793 underlying common shares from a grant dated 02.22.2024, 6,231 underlying shares from a grant dated 02.21.2025, and 36,291 underlying shares from a grant dated 02.19.2026. According to the footnote, the restricted share units vest in three equal annual installments on the first, second and third anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
AGRAWAL SHANTANU (SA)
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | RSUs (02.22.2024) | -- | -- | -- |
| holding | RSUs (02.21.2025) | -- | -- | -- |
| holding | RSUs (02.19.2026) | -- | -- | -- |
Holdings After Transaction:
RSUs (02.22.2024) — 2,793 shares (Direct);
RSUs (02.21.2025) — 6,231 shares (Direct);
RSUs (02.19.2026) — 36,291 shares (Direct)
Footnotes (2)
- F1. Grant of restricted share units awarded pursuant to the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. The restricted share units vest in three equal annual installments on the first, second and third anniversary of the grant date.
- F2. Not applicable.
Key Figures
RSUs grant 02.22.2024: 2,793 RSUs (underlying shares)
RSUs grant 02.21.2025: 6,231 RSUs (underlying shares)
RSUs grant 02.19.2026: 36,291 RSUs (underlying shares)
+1 more
4 metrics
RSUs grant 02.22.2024
2,793 RSUs (underlying shares)
Direct holdings linked to SunCoke common stock
RSUs grant 02.21.2025
6,231 RSUs (underlying shares)
Direct holdings linked to SunCoke common stock
RSUs grant 02.19.2026
36,291 RSUs (underlying shares)
Direct holdings linked to SunCoke common stock
Vesting schedule
Three equal annual installments
On first, second and third anniversaries of grant date
Key Terms
restricted share units, Omnibus Long-Term Incentive Plan, Rule 16b-3
3 terms
Omnibus Long-Term Incentive Plan financial
"awarded pursuant to the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan in a transaction exempt under Rule 16b-3"
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3. The restricted share units vest in three equal annual installments"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the SunCoke (SXC) Form 3 filing by the CFO show?
It shows Chief Financial Officer Shantanu Agrawal’s initial holdings of restricted share units (RSUs) tied to SunCoke common stock. The filing details three RSU awards, their grant dates, underlying share counts, and notes they vest in three equal annual installments.
How many RSUs from the 02.22.2024 grant does the SunCoke CFO hold?
The Form 3 reports RSUs linked to 2,793 underlying shares of SunCoke common stock from the 02.22.2024 grant. These restricted share units were awarded under the Omnibus Long-Term Incentive Plan and vest in three equal annual installments after the grant date.
What RSU holdings from the 02.21.2025 grant are disclosed for SXC’s CFO?
The filing discloses restricted share units referencing 6,231 underlying shares of SunCoke common stock from the 02.21.2025 grant. These RSUs are part of the company’s Omnibus Long-Term Incentive Plan and vest in three equal annual installments on each anniversary of the grant.
What is the largest RSU grant reported for the SunCoke CFO on Form 3?
The largest reported award is RSUs associated with 36,291 underlying shares of common stock from a 02.19.2026 grant. As described, these restricted share units vest in three equal annual installments on the first, second, and third anniversaries of the grant date.
How do the SunCoke CFO’s RSUs under the Omnibus Long-Term Incentive Plan vest?
According to the footnote, the restricted share units vest in three equal annual installments. Vesting occurs on the first, second and third anniversary of the respective grant dates, aligning the CFO’s equity compensation with multi-year service and performance at SunCoke Energy.