Form 4: Koppers Holdings CEO, M. Leroy Ball, Executes Stock Option and Sells Shares
SEC Form 4 Filing
Koppers Holdings CEO, M. Leroy Ball, exercised stock options and sold a portion of the acquired shares on November 19, 2024.
Summary
- M. Leroy Ball, CEO of Koppers Holdings Inc., executed a series of transactions involving the company's common stock on November 19, 2024.
- Ball exercised 6,000 employee stock options at a price of $17.57 per share.
- Following the exercise, Ball sold 5,973 shares at a weighted average price of $37.26 per share, with individual sales ranging from $36.92 to $37.56.
- An additional 27 shares were sold at $38.01 per share.
- After these transactions, Ball directly owns 314,325.4007 shares of Koppers Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and stock transactions, which is common in publicly traded companies. It does not indicate any specific trend or event within the industry.
Comparison to Industry Standards
- Executive stock option exercises and subsequent sales are a common practice in publicly traded companies, particularly within the industrial sector where Koppers operates.
- The vesting schedule of 25% annually over four years is a standard vesting schedule for stock options.
- The sale of shares after exercising options is a typical way for executives to realize the value of their compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the sale of shares by an executive, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2016 | Date stock options were granted, vesting in annual installments of 25 percent over four years. |
| 11/19/2024 | Date of the stock option exercise and share sales. |
| 11/20/2024 | Date the SEC Form 4 was signed. |
| 03/03/2025 | Expiration date of the stock options. |
Keywords
Koppers Holdings, Stock Options, Insider Trading, SEC Form 4, M. Leroy Ball, Share Sale, Executive Compensation
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