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 shares in multiple transactions on November 12th and 13th, 2024.
Summary
- M Leroy Ball, CEO of Koppers Holdings Inc., engaged in multiple transactions involving the company's stock.
- On November 12, 2024, Mr. Ball exercised options to acquire 5,000 shares at $17.57 per share and sold 5,000 shares in two separate transactions at weighted average prices of $37.85 and $38.22.
- On November 13, 2024, Mr. Ball exercised options to acquire 4,102 shares at $17.57 per share and sold 4,102 shares at a weighted average price of $37.81.
- The sales were executed at varying prices within ranges, and Mr. Ball has committed to providing full details of the individual sales prices upon request.
- Following these transactions, Mr. Ball directly owns 315,129.4007 shares of common stock and 23,103 employee stock options.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider trading activity and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to exercise stock options and sell shares for personal financial management.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice across publicly traded companies.
- The vesting schedule of 25% per year over four years is a typical vesting schedule for executive stock options.
- The price ranges for the sales are within the normal trading range for the stock.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold by the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/03/2016 | Date of grant for the employee stock options. |
| 11/12/2024 | Date of first set of stock option exercises and share sales. |
| 11/13/2024 | Date of second set of stock option exercises and share sales. |
| 11/14/2024 | Date of filing of the Form 4. |
| 03/03/2025 | Expiration date of the employee stock options. |
Keywords
stock options, insider trading, share sales, Koppers Holdings, M Leroy Ball, Form 4, executive compensation
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