Form 4: Koppers Holdings Inc. Director Albert J. Neupaver Reports Acquisition of Dividend Equivalent Rights

Director Albert J. Neupaver reported the acquisition of 20 Dividend Equivalent Rights related to restricted stock units.

Summary

• On March 25, 2024, Albert J. Neupaver, a director of Koppers Holdings Inc., acquired 20 Dividend Equivalent Rights (DERs).
• These DERs accrued with respect to additional time-based restricted stock units (RSUs) credited to the reporting person with respect to RSUs granted on May 4, 2023.
• Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
• Following the transaction, Mr. Neupaver directly owns 20 DERs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a director's acquisition of dividend equivalent rights, which are often part of executive compensation packages.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may have a minor positive impact on shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates