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

Director Xudong Feng reports acquisition of dividend equivalent rights related to restricted stock units and deferred compensation.

Summary

• On March 25, 2024, Xudong Feng, a director of Koppers Holdings Inc., acquired dividend equivalent rights (DERs) related to restricted stock units (RSUs) and deferred compensation.
• Feng acquired 7.967 DERs related to additional time-based RSUs credited to the reporting person with respect to deferred compensation.
• Feng also acquired 20 DERs related to additional RSUs granted on May 4, 2023.
• Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
• Following the reported transactions, Feng directly owns 81,146 DERs and indirectly owns 101,146 DERs.
• The report also includes 8,365 DERs that were inadvertently not previously reported.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Future Outlook

The RSUs corresponding to these 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 holdings, and doesn't necessarily reflect broader industry trends.

Key Dates