Form 4: Koppers Holdings Inc. Director Andrew D. Sandifer Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Andrew D. Sandifer reports acquiring dividend equivalent rights related to restricted stock units.
Summary
- On March 24, 2025, Andrew D. Sandifer, a director of Koppers Holdings Inc., reported acquiring 17 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 2, 2024.
- Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- Once released, the RSUs corresponding to these DERs will become payable according to the election of payment designation that was filed by the reporting person subject to the Koppers Holdings Inc. Director Deferred Compensation Plan.
- Payment will be either lump sum or in annual installments commencing on the May 31st next following the reporting person's separation from service or, if later, and elected by the reporting person at the time he/she first elects to defer any payment under the Plan, May 31st of the year specified by the reporting person.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding director compensation, and does not contain information that would significantly impact investor sentiment.
Future Outlook
The timing and form of payment for the RSUs corresponding to the DERs will depend on the director's elections under the Koppers Holdings Inc. Director Deferred Compensation Plan.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in the details of executive compensation.
- The filing provides transparency regarding the director's holdings and compensation structure.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of restricted stock units grant related to the dividend equivalent rights. |
| 03/24/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/26/2025 | Date of signature for the Form 4 filing. |
Keywords
Dividend Equivalent Rights, Restricted Stock Units, Director, Koppers Holdings Inc., Form 4, Beneficial Ownership
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