Form 4: Koppers Holdings Inc. Director Louis L. Testoni Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Louis L. Testoni reports acquiring 20 dividend equivalent rights related to restricted stock units.
Summary
- On March 25, 2024, Louis L. Testoni, 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 the reporting person with respect to RSUs granted on May 4, 2023.
- Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- The reporting person directly owns 20 derivative securities following the reported transaction.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to previously granted equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/04/2023 | Date of restricted stock units (RSUs) 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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