Form 4: Director Traci L. Jensen Reports Acquisition of Dividend Equivalent Rights in Koppers Holdings Inc.
SEC Form 4 Filing
Traci L. Jensen, a director of Koppers Holdings Inc., reported the acquisition of 20 dividend equivalent rights related to restricted stock units.
Summary
- On March 25, 2024, Traci L. Jensen, a director of Koppers Holdings Inc., acquired 20 dividend equivalent rights (DERs).
- These DERs accrued with respect to additional time-based restricted stock units (RSUs) credited to Jensen related to RSUs granted on May 4, 2023.
- Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- Following the transaction, Jensen directly owns 20 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for directors and officers of publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/04/2023 | Date of restricted stock units (RSUs) grant related to the dividend equivalent rights. |
| 03/25/2024 | Date of transaction: Acquisition of 20 dividend equivalent rights. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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