Form 4: Koppers Holdings Inc. Director Andrew D. Sandifer Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Andrew D. Sandifer reports acquisition of 20 dividend equivalent rights related to restricted stock units.
Summary
- On March 25, 2024, Andrew D. Sandifer, 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 Sandifer related 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, Sandifer directly owns 20 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 05/04/2023 | Date of restricted stock units grant related to the dividend equivalent rights. |
| 03/25/2024 | Date of transaction: Acquisition of 20 dividend equivalent rights. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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