Form 4: Koppers Holdings CFO Jimmi Sue Smith Reports Stock Transactions

Chief Financial Officer of Koppers Holdings, Jimmi Sue Smith, reports acquisition of shares through dividend equivalent rights and disposition of shares for tax withholding related to vesting of restricted stock units.

Summary

• On March 1, 2024, Jimmi Sue Smith, CFO of Koppers Holdings Inc., reported transactions involving the company's common stock.
• Smith acquired 26 shares of common stock upon the release of dividend equivalent rights (DERs) at a price of $0.00 per share.
• Smith also disposed of 812 shares to cover tax withholding obligations related to the vesting of time-based restricted stock units (RSUs) at a price of $52.97 per share.
• Following these transactions, Smith directly owns 27,273 shares of Koppers Holdings Inc. common stock.
• Smith also owns 141 dividend equivalent rights.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions. The acquisition of shares via DERs is mildly positive, while the disposal for tax obligations is neutral.

Positives

• The acquisition of shares through dividend equivalent rights could be seen as a positive sign, indicating confidence in the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, reduces the reporting person's holdings.

Risks

• There are no specific risks highlighted in this document, as it primarily reports transactions related to stock ownership.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency of insider transactions.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax management.

Key Dates