Form 4: Koppers Executive Reports Routine Stock Transactions
Insider Transaction Report
Koppers Holdings SVP Stephen Lucas reports acquisition of common stock from PSU vesting and disposition for tax withholding.
Summary
- Stephen G. Lucas, SVP, Culture and Engagement at Koppers Holdings Inc. (KOP), reported several transactions involving the company's common stock and dividend equivalent rights (DERs).
- On February 26, 2026, Lucas acquired 5,298 shares of common stock at a price of $0, resulting from the vesting of Performance Share Units (PSUs).
- These PSUs were granted on January 4, 2023, and the performance criteria for the measurement period from January 1, 2023, through December 31, 2025, were satisfied.
- On February 26, 2026, Lucas also disposed of 2,536 shares of common stock at a price of $37.24 per share. These shares were surrendered to the issuer to cover tax withholding obligations related to the PSU vesting.
- Additionally, on February 26, 2002, Lucas acquired 127 shares of common stock at a price of $0, representing shares acquired upon the release of dividend equivalent rights (DERs).
- On February 26, 2026, 127 DERs were acquired, which accrued with respect to additional PSUs granted on January 4, 2023. Each DER is economically equivalent to one share of Koppers Holdings Inc. common stock.
- Also on February 26, 2026, 127 DERs were released in connection with the vesting of PSUs granted on January 4, 2023.
- Following these transactions, Lucas beneficially owns 35,653 shares of common stock and 102 Dividend Equivalent Rights.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports routine insider transactions related to executive compensation, specifically the vesting of performance share units and subsequent tax-related share dispositions, which are standard and do not indicate a significant positive or negative shift in company fundamentals or outlook.
Positives
- Performance criteria for the Performance Share Units (PSUs) granted on January 4, 2023, for the period January 1, 2023, through December 31, 2025, were satisfied, leading to the vesting of 5,298 shares of common stock.
Negatives
- 2,536 shares of common stock were disposed of to cover tax withholding obligations related to the vesting of PSUs.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership of securities by company insiders. These transactions, often related to executive compensation plans like PSU vesting and tax withholding, are standard practice in corporate governance and compensation structures.
Stakeholder Impact
- Shareholders: The transactions represent a routine change in an executive's beneficial ownership, primarily due to compensation vesting, and are unlikely to have a direct material impact on other shareholders.
- Employees: The vesting of PSUs for an executive indicates the company's performance criteria were met, which could be seen as a positive signal regarding overall company performance.
Key Dates
| Date | Description |
|---|---|
| 02/26/2002 | Date of earliest transaction reported, involving the acquisition of 127 shares of common stock upon release of dividend equivalent rights. |
| 01/04/2023 | Date when 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 multiple transactions including acquisition of 5,298 common stock from PSU vesting, disposition of 2,536 common stock for tax withholding, acquisition of 127 Dividend Equivalent Rights, and release of 127 Dividend Equivalent Rights. |
| 03/02/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Koppers Holdings, KOP, Form 4, Insider Transaction, Executive Compensation, Performance Share Units, PSU, Dividend Equivalent Rights, DER, Stock Vesting, Tax Withholding
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