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 June 10, 2024, Xudong Feng, a director of Koppers Holdings Inc., acquired 16.339 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 represents the economic equivalent of one share of Koppers Holdings Inc. common stock.
• Upon release, the RSUs corresponding to these DERs will be payable according to Feng's elected payment designation under the Koppers Holdings Inc. Director Deferred Compensation Plan.
• Payment will be either a lump sum or in annual installments commencing on the May 31st following Feng's separation from service, or a later date elected by Feng.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a director's acquisition of dividend equivalent rights. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs corresponding to the dividend equivalent rights will become payable upon release, either as a lump sum or in annual installments following the director's separation from service, according to the director's election under the Koppers Holdings Inc. Director Deferred Compensation Plan.

Industry Context

This Form 4 filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects changes in the director's stake in the company.

Key Dates