SunCoke (NYSE: SXC) CFO vests RSUs and PSUs, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunCoke Energy, Inc. executive Mark W. Marinko reported multiple equity award transactions involving the company’s common stock. On February 23–24, 2026, he acquired shares through exercises or conversions of restricted stock units and performance-based awards at a conversion rate of 1-for-1.
To cover exercise price and minimum statutory tax withholding obligations, portions of the newly delivered shares were automatically withheld and disposed of at prices such as $5.88 and $6.22 per share, rather than through open-market sales. One transaction reflects settlement of a performance share unit award at the end of its three-year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,542 shares exercised/converted
Mixed
10 txns
Insider
Marinko Mark W.
Role
SR VP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSUs (02.23.2023) | 8,468 | $0.00 | -- |
| Exercise | RSUs (02.22.2024) | 7,600 | $0.00 | -- |
| Exercise | Common Stock | 8,468 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,752 | $5.88 | $22K |
| Exercise | Common Stock | 7,600 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,367 | $6.22 | $21K |
| Other | Common Stock | 4,633 | $0.00 | -- |
| Exercise | RSUs (02.21.2025) | 8,474 | $0.00 | -- |
| Exercise | Common Stock | 8,474 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,204 | $6.22 | $26K |
Holdings After Transaction:
RSUs (02.23.2023) — 0 shares (Direct);
RSUs (02.22.2024) — 7,599 shares (Direct);
Common Stock — 52,414 shares (Direct);
RSUs (02.21.2025) — 16,947 shares (Direct)
Footnotes (1)
- Conversion rate is 1 for 1. Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of RSUs. Represents settlement of Performance Share Unit ("PSU") award granted February 23, 2023 pursuant to SunCoke Energy, Inc. ("SXC") Long Term Performance Plan in a transaction exempt under Rule 16b-3. PSU award settled, at the end of applicable three-year vesting period, in shares of SXC common stock, (net of shares withheld by Registrant to satisfy statutory tax withholding requirements). 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.
FAQ
What did SunCoke Energy (SXC) disclose in this Form 4 for its CFO?
SunCoke Energy reported that CFO Mark W. Marinko exercised or converted several equity awards into common stock. Some of the resulting shares were withheld and disposed of to satisfy exercise price and minimum statutory tax-withholding obligations related to these vesting awards.
What types of awards vested for the SunCoke (SXC) CFO in this filing?
The filing shows vesting and conversion of restricted stock units and a performance share unit award granted on February 23, 2023. These awards settled into SunCoke common stock at a 1-for-1 conversion rate, consistent with the company’s long-term performance and incentive plans.
How do the RSU transactions affect the SunCoke (SXC) CFO’s ownership?
Exercises of restricted stock units increased the CFO’s holdings of SunCoke common stock, while a portion of the delivered shares was simultaneously withheld for taxes. The Form 4 reports updated post-transaction share balances for each line item reflecting these combined effects.