Form 4: Koppers Holdings Inc. Director David L. Motley Reports Acquisition of Restricted Stock Units

Director David L. Motley reported the acquisition of 2,079 Restricted Stock Units (RSUs) in Koppers Holdings Inc. on May 2, 2024.

Summary

• On May 2, 2024, David L. Motley, a director of Koppers Holdings Inc., acquired 2,079 Restricted Stock Units (RSUs).
• These RSUs represent the right to receive shares of common stock on a one-for-one basis.
• The RSUs will become payable according to Motley's election under the Koppers Holdings Inc. Director Deferred Compensation Plan, either as a lump sum or in annual installments commencing on May 31st following his separation from service or a specified later date.
• Following the transaction, Motley beneficially owns 9,918 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The acquisition of RSUs aligns the director's interests with the company's long-term performance.

Future Outlook

The RSUs will be settled according to the terms of the Koppers Holdings Inc. Director Deferred Compensation Plan, providing future shares of common stock to the director.

Industry Context

This Form 4 filing is a routine disclosure of a company director's acquisition of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of RSUs by a director can align the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates