Form 4: Director Wilkerson Reports Acquisition of Dividend Equivalent Rights in Koppers Holdings Inc.

Director Sonja Michelle Wilkerson reports the acquisition of dividend equivalent rights related to restricted stock units in Koppers Holdings Inc.

Summary

• On March 25, 2024, Director Sonja Michelle Wilkerson reported acquiring dividend equivalent rights (DERs) related to restricted stock units (RSUs) in Koppers Holdings Inc.
• The transactions involve DERs accrued with respect to additional time-based RSUs credited to the reporting person with respect to deferred compensation and RSUs granted on May 4, 2023.
• A total of 5.652 DERs were acquired related to deferred compensation, and 20 DERs were acquired related to RSUs granted on May 4, 2023.
• The reporting person now beneficially owns 63.494 DERs directly related to deferred compensation and 83.494 DERs directly related to RSUs granted on May 4, 2023.
• The report also includes 5.934 DERs that were inadvertently not previously reported.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.

Future Outlook

The RSUs corresponding to these DERs will become payable according to the election of payment designation that was filed by the reporting person subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the 'Plan'). Such payment will be either lump sum or in annual installments commencing on the May 31st next following the reporting person's separation from service (as defined under the Plan) or, if later, and elected by the reporting person at the time he/she first elects to defer any payment under the Plan, May 31st of the year specified by the reporting person.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Key Dates