Form 4: Koppers Holdings Inc. Director Sonja Wilkerson Reports Acquisition of Dividend Equivalent Rights

Director Sonja Wilkerson reported the acquisition of dividend equivalent rights related to deferred compensation.

Summary

• On June 10, 2024, Sonja Michelle Wilkerson, a director of Koppers Holdings Inc., acquired 7.377 dividend equivalent rights (DERs) related to additional time-based restricted stock units (RSUs) credited to her 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 either in a lump sum or in annual installments commencing on the May 31st following Wilkerson's separation from service, or a later date elected by her.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and adherence to standard corporate governance practices. There are no indications of negative or concerning events.

Future Outlook

The RSUs corresponding to the 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 (the 'Plan'). Such 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.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it pertains to director compensation.

Key Dates