Form 4: Koppers Holdings Inc. Director Xudong Feng Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Xudong Feng reports acquiring dividend equivalent rights related to restricted stock units and deferred compensation.
Summary
- On March 24, 2025, Xudong Feng, a director of Koppers Holdings Inc., acquired dividend equivalent rights (DERs) related to restricted stock units (RSUs) and deferred compensation.
- The DERs are economically equivalent to shares of Koppers Holdings Inc. common stock.
- A total of 17 DERs were accrued with respect to additional time-based RSUs credited to the reporting person with respect to RSUs granted on May 2, 2024.
- An additional 27.244 DERs were accrued with respect to additional RSUs credited to the reporting person with respect to deferred compensation.
- Following the reported transactions, Feng directly owns 173.783 DERs and 201.027 DERs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral 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 of changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects the director's stake in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of RSU grant related to some of the dividend equivalent rights. |
| 03/24/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/26/2025 | Date of signature for the Form 4 filing. |
Keywords
Dividend Equivalent Rights, Koppers Holdings Inc., Director, Form 4, Beneficial Ownership, RSUs, Deferred Compensation, Xudong Feng
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