Director Lewis Michael Ward gets 21,652 RSUs at SunCoke (SXC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunCoke Energy, Inc. director Lewis Michael Ward received an award of 21,652 restricted share units (RSUs) as director compensation. The RSUs were granted at no cash cost to him under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. Each RSU converts into one share of common stock, to be settled after his Board service ends. Following this grant, Ward holds 75,214 RSUs representing an equivalent number of underlying common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lewis Michael Ward
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSUs (Director) | 21,652 | $0.00 | -- |
Holdings After Transaction:
RSUs (Director) — 75,214 shares (Direct, null)
Footnotes (1)
- 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 will be settled in shares of common stock following termination of Board service. Conversion rate is 1 for 1. Not applicable.
Key Figures
RSUs granted: 21,652 units
Grant price per RSU: $0.00 per unit
Total RSUs after grant: 75,214 units
+1 more
4 metrics
RSUs granted
21,652 units
Director award on 2026-05-14
Grant price per RSU
$0.00 per unit
Compensation award, non-cash
Total RSUs after grant
75,214 units
Holdings following transaction
RSU conversion rate
1 RSU : 1 share
Conversion into common stock
Key Terms
restricted share units, Omnibus Long-Term Incentive Plan, Rule 16b-3, conversion rate
4 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 will be settled in shares of common stock"
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.
conversion rate financial
"Conversion rate is 1 for 1."
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
FAQ
What did SunCoke Energy (SXC) director Lewis Michael Ward report in this Form 4?
Lewis Michael Ward reported receiving 21,652 restricted share units as director compensation. These RSUs were granted at no cash cost under SunCoke Energy’s Omnibus Long-Term Incentive Plan and will convert into common stock after his Board service ends.
What is the conversion rate for Lewis Michael Ward’s SunCoke Energy (SXC) RSUs?
The RSUs convert into common stock at a one-for-one rate. This means each of the 21,652 restricted share units will turn into one share of SunCoke Energy common stock when they settle after Board service ends.
How many SunCoke Energy (SXC) RSUs does Lewis Michael Ward hold after this grant?
After this grant, Lewis Michael Ward holds 75,214 restricted share units. These RSUs represent an equivalent number of underlying SunCoke Energy common shares based on the one-for-one conversion rate disclosed in the filing.
Was Lewis Michael Ward’s SunCoke Energy (SXC) RSU grant an open-market stock purchase?
No. The 21,652 restricted share units were a compensation grant, not an open-market purchase. They were awarded at a price of $0.00 per unit under the company’s long-term incentive plan and are exempt under Rule 16b-3.