Form 4: Koppers Holdings Inc. Director Xudong Feng Reports Acquisition of Dividend Equivalent Rights

Director Xudong Feng reports acquiring dividend equivalent rights related to deferred compensation.

Summary

• On September 16, 2024, Xudong Feng, a director of Koppers Holdings Inc., acquired 18.483 dividend equivalent rights (DERs).
• These DERs are associated with additional time-based restricted stock units (RSUs) credited to Feng's deferred compensation account.
• Each DER is equivalent to one share of Koppers Holdings Inc. common stock.
• Upon release, the RSUs corresponding to these DERs will be payable according to Feng's payment election under the Koppers Holdings Inc. Director Deferred Compensation Plan, either as a lump sum or in annual installments.

Sentiment

Score: 5

Explanation: This is a neutral report on the acquisition of dividend equivalent rights, a standard part of director compensation.

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 Form 4 filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may have a minor positive impact on shareholder sentiment, reflecting alignment of interests.

Key Dates