Form 4: Koppers CFO Accrues 222 Dividend Equivalent Rights
Statement of Changes in Beneficial Ownership
Koppers Holdings Inc. Chief Financial Officer Jimmi Sue Smith reported the accrual of 222 dividend equivalent rights tied to restricted and performance stock units.
Summary
- Jimmi Sue Smith, Chief Financial Officer of Koppers Holdings Inc. (KOP), reported the accrual of 222 Dividend Equivalent Rights (DERs).
- These DERs accrued on December 16, 2025, and are the economic equivalent of one share of Koppers Holdings Inc. common stock each.
- Of the total 222 DERs, 183 accrued with respect to time-based Restricted Stock Units (RSUs) granted on January 4, 2022, January 4, 2023, January 4, 2024, and January 3, 2025.
- The remaining 39 DERs accrued with respect to Performance Stock Units (PSUs) granted on January 4, 2023.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 6
Explanation: The filing reports a routine accrual of dividend equivalent rights for a key executive, which is generally viewed as a neutral to slightly positive event as it aligns management's interests with shareholders.
Positives
- The accrual of Dividend Equivalent Rights (DERs) for the Chief Financial Officer indicates continued equity participation and aligns management's interests with those of shareholders.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, suggesting a pre-arranged and systematic approach to executive compensation and equity management.
Future Outlook
The accrual of Dividend Equivalent Rights (DERs) is tied to underlying Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), which typically vest over time or upon achievement of performance targets, indicating potential future share ownership for the Chief Financial Officer.
Industry Context
This filing is a routine disclosure of an insider transaction, specifically the accrual of equity-based compensation. Such disclosures are standard practice across publicly traded companies and reflect common executive compensation structures designed to align management incentives with shareholder value creation.
Stakeholder Impact
- Shareholders: The accrual of equity-based compensation for the CFO helps align management's long-term interests with shareholder value, potentially fostering better corporate performance.
Next Steps
- Continued vesting of the underlying Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) to which these DERs are attached, subject to their respective terms and conditions.
Key Dates
| Date | Description |
|---|---|
| 01/04/2022 | Grant date for some Restricted Stock Units (RSUs) to which DERs accrued. |
| 01/04/2023 | Grant date for some Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) to which DERs accrued. |
| 01/04/2024 | Grant date for some Restricted Stock Units (RSUs) to which DERs accrued. |
| 01/03/2025 | Grant date for some Restricted Stock Units (RSUs) to which DERs accrued. |
| 12/16/2025 | Date of earliest transaction, when Dividend Equivalent Rights (DERs) accrued. |
| 12/17/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Koppers Holdings Inc., KOP, Jimmi Sue Smith, Chief Financial Officer, CFO, SEC Form 4, Dividend Equivalent Rights, DERs, Restricted Stock Units, RSUs, Performance Stock Units, PSUs, Insider Transaction, Equity Compensation, Rule 10b5-1
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