Form 4: Koppers CEO Ball Reports Significant Stock Vesting
Insider Transaction Report
Koppers Holdings Inc. CEO M. Leroy Ball reported the vesting of performance share units and related stock transactions, including tax withholdings.
Summary
- M. Leroy Ball, CEO of Koppers Holdings Inc. (KOP), reported transactions involving the company's common stock and dividend equivalent rights on February 26, 2026.
- 50,025 shares of common stock were acquired due to the vesting of performance share units (PSUs) granted on January 4, 2023, after performance criteria for the period January 1, 2023, through December 31, 2025, were satisfied.
- An additional 1,215 shares of common stock were acquired upon the release of dividend equivalent rights (DERs) on a one-for-one basis.
- To cover tax withholding related to the PSU vesting, 22,236 shares of common stock were disposed of at a price of $37.24 per share.
- Following these transactions, M. Leroy Ball's direct beneficial ownership of common stock is 456,548.4007 shares.
- Derivative transactions included the acquisition of 1,215 DERs related to additional PSUs and the release of 1,215 DERs connected with the vesting PSUs.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as slightly positive because the vesting of performance share units indicates the company met its performance targets, reflecting positively on management's execution. The tax-related disposition is a routine event.
Positives
- The performance criteria for performance share units (PSUs) granted on January 4, 2023, for the measurement period from January 1, 2023, through December 31, 2025, were satisfied, leading to the vesting of 50,025 shares, indicating successful achievement of company targets.
- The acquisition of 1,215 shares upon the release of dividend equivalent rights further increases the CEO's direct ownership in the company.
Negatives
- 22,236 shares of common stock were surrendered to the issuer at $37.24 per share to cover tax withholding obligations related to the PSU vesting, resulting in a reduction of direct beneficial ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive compensation and ownership changes, which can be a signal for market participants regarding management's alignment with shareholder interests. This filing details routine compensation events.
Related Party Transactions
- The vesting of performance share units (PSUs) and the subsequent disposition of shares for tax withholding are transactions between the CEO and the company, which are considered related party dealings as part of executive compensation.
Stakeholder Impact
- Shareholders gain transparency into executive compensation and changes in insider ownership, which can inform their assessment of management's alignment and company performance.
Key Dates
| Date | Description |
|---|---|
| 01/04/2023 | Performance Share Units (PSUs) were granted to the reporting person. |
| 01/01/2023 | Start of the performance measurement period for the granted PSUs. |
| 12/31/2025 | End of the performance measurement period for the granted PSUs. |
| 02/26/2026 | Date of reported transactions, including PSU vesting, DER release, and tax withholding. |
| 03/02/2026 | Date the Form 4 was signed by the reporting person's attorney in fact. |
Keywords
Koppers Holdings, KOP, M. Leroy Ball, CEO, Form 4, insider transaction, stock vesting, PSU, DER, executive compensation
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