Form 4: Koppers Holdings CEO M. Leroy Ball Executes Stock Options 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 March 6, 2024.
Summary
- On March 6, 2024, M. Leroy Ball, CEO of Koppers Holdings Inc., exercised stock options to acquire 5,000 shares of common stock at a price of $17.57 per share.
- Following the exercise of options, Mr. Ball sold 4,970 shares at a weighted average price of $52.83, 30 shares at $53.43, and 2,362 shares at $52.97.
- After these transactions, Mr. Ball directly owns 320,718.4007 shares of Koppers Holdings Inc. common stock and 46,205 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine executive stock transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. The market will likely interpret this as a standard part of executive compensation and portfolio management.
Key Dates
| Date | Description |
|---|---|
| 03/03/2016 | Date of grant for employee stock options, vesting in annual installments of 25 percent over four years. |
| 03/06/2024 | Date of transaction: exercise of stock options and sale of common stock. |
| 03/03/2025 | Expiration date of the employee stock options. |
| 03/07/2024 | Date of signature for the SEC Form 4 filing. |
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