Director at SunCoke Energy (NYSE: SXC) granted 21,652 RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunCoke Energy, Inc. director Andrei Alexander Mikhalevsky received a grant of 21,652 restricted share units (RSUs) under the SunCoke Energy, Inc. Omnibus Long-Term Incentive Plan. These RSUs will be settled in shares of common stock after his Board service ends, with a stated conversion rate of 1-for-1.
Following this grant, Mikhalevsky now holds 62,921 RSUs linked to SunCoke common stock. The award is classified as a compensation-related grant exempt under Rule 16b-3, and it does not represent an open-market purchase or sale of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mikhalevsky Andrei Alexander
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSUs (Director) | 21,652 | $0.00 | -- |
Holdings After Transaction:
RSUs (Director) — 62,921 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
Total RSUs after grant: 62,921 units
Grant price per RSU: $0.0000 per unit
+1 more
4 metrics
RSUs granted
21,652 units
Grant of RSUs on 2026-05-14 to director
Total RSUs after grant
62,921 units
Director holdings following transaction
Grant price per RSU
$0.0000 per unit
Compensation award, not open-market purchase
Conversion rate
1 RSU : 1 share
RSUs settled in common stock after Board service
Key Terms
restricted share units, Omnibus Long-Term Incentive Plan, Rule 16b-3, conversion rate, +1 more
5 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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did SunCoke Energy (SXC) disclose in this Form 4 filing?
SunCoke Energy reported that director Andrei Alexander Mikhalevsky received 21,652 restricted share units as compensation. The RSUs were granted under the company’s Omnibus Long-Term Incentive Plan and are exempt under Rule 16b-3, meaning they are a routine equity award, not a market transaction.
How many RSUs did SunCoke Energy (SXC) grant to the director?
The director received 21,652 restricted share units tied to SunCoke common stock. Each RSU converts into one share on settlement. This grant increases his total RSU holdings and represents equity-based compensation for his Board service rather than a cash salary increase.
What is the total SunCoke Energy (SXC) equity the director holds after this grant?
After the grant, the director holds 62,921 restricted share units. These units are linked to SunCoke common stock on a 1-for-1 basis. The position size provides ongoing equity exposure, aligning his interests with shareholders through future stock-based settlement instead of immediate cash.
When will the SunCoke Energy (SXC) RSUs granted to the director be settled?
The restricted share units will be settled in SunCoke common stock after the director’s Board service ends. Settlement timing therefore depends on when his Board tenure terminates, meaning the economic benefit is deferred and tied to the duration of his governance role at the company.
Is the SunCoke Energy (SXC) RSU grant an open-market stock purchase or sale?
No, this RSU grant is not an open-market transaction. It is a compensation-related equity award granted at a price of $0.00 per unit under the company’s incentive plan, exempt under Rule 16b-3, and will later convert into shares instead of involving immediate cash trading.