Form 4: Koppers Holdings CEO M Leroy Ball Reports Stock Transactions

M Leroy Ball, CEO of Koppers Holdings Inc., reported the acquisition and disposal of common stock and the exercise of employee stock options on March 4th and 5th, 2024.

Summary

• On March 4th and 5th, 2024, M Leroy Ball, the CEO of Koppers Holdings Inc., engaged in multiple transactions involving the company's common stock and employee stock options.
• On March 4th, Ball disposed of 1,862 shares as a gift and exercised options to acquire 5,000 shares at $17.57 per share, subsequently selling those 5,000 shares at a weighted average price of $53.51.
• On March 5th, Ball exercised options to acquire 6,103 shares at $17.57 per share and sold a total of 6,103 shares in multiple transactions at weighted average prices of $52.90, $53.47 and $54.
• Following these transactions, Ball directly owns 323,080.4007 shares of common stock.
• Ball also owns 51,205 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock options as part of their compensation packages.
• Similar filings can be observed for executives at comparable companies in the chemical and materials industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates