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 deferred compensation.

Summary

• David L. Motley, a director of Koppers Holdings Inc., reported a transaction involving dividend equivalent rights (DERs) on June 10, 2024.
• The DERs, totaling 13.315, accrued with respect to additional time-based restricted stock units (RSUs) credited to Motley's account related to deferred compensation.
• Each DER is economically equivalent to one share of Koppers Holdings Inc. common stock.
• The RSUs corresponding to these DERs will become payable according to Motley's payment election under the Koppers Holdings Inc. Director Deferred Compensation Plan, either in a lump sum or annual installments commencing on May 31st following his separation from service.

Sentiment

Score: 5

Explanation: The document is a neutral report of a transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The RSUs corresponding to the DERs will be paid out either in a lump sum or annual installments after Motley's separation from service, as per his election under the Koppers Holdings Inc. Director Deferred Compensation Plan.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to the compensation of a director.
• It provides transparency to shareholders regarding insider transactions.

Key Dates