Landahl Susan R. 4
Research Summary
AI-generated summary
SunCoke (SXC) Director Susan Landahl Receives RSU Award
What Happened
Susan R. Landahl, a director of SunCoke Energy, was granted 21,652 restricted share units (RSUs) on May 14, 2026. The Form 4 reports 21,652 units at $0.00 (derivative award), so the reported transaction value is $0. The RSUs were awarded under the SunCoke Energy, Inc. Omnibus Long‑Term Incentive Plan and are exempt under Rule 16b‑3.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (timely filing).
- Transaction type: Award/Grant of restricted share units (Form 4 code A).
- Amount: 21,652 RSUs @ $0.00 (reported value $0).
- Settlement: RSUs will be settled in shares of common stock following termination of Board service (footnote F1).
- Conversion: 1 RSU = 1 share (footnote F2).
- Shares owned after transaction: Not disclosed in the filing.
- Exemption: Grant made in a transaction exempt under Rule 16b‑3.
Context
RSUs are a form of compensation, not an open‑market purchase or sale; they typically convert to common shares at a later date (here, upon termination of board service). Such director awards are routine and do not by themselves indicate insider buying or selling intent.