Form 4: Koppers Holdings Inc. Director David L. Motley Reports Acquisition of Dividend Equivalent Rights

Director David L. Motley reports acquiring dividend equivalent rights related to restricted stock units in Koppers Holdings Inc.

Summary

• On September 16, 2024, David L. Motley, a director of Koppers Holdings Inc., reported acquiring 15.063 dividend equivalent rights (DERs) related to time-based restricted stock units (RSUs).
• These DERs are economically equivalent to shares of Koppers Holdings Inc. common stock.
• The DERs accrued with respect to additional time-based RSUs credited to the reporting person with respect to deferred compensation.
• 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 (as defined under the Plan) 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.
• Following the transaction, Motley directly owns 111.871 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The timing of the payout of the RSUs corresponding to the DERs will depend on Motley's election under the Koppers Holdings Inc. Director Deferred Compensation Plan, either as a lump sum or annual installments commencing after separation from service.

Industry Context

This Form 4 filing is a routine disclosure of a company insider's transactions in company securities, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.

Key Dates