Form 4: Koppers Holdings Inc. Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Bradley A. Pearce, Chief Accounting Officer of Koppers Holdings Inc., acquired 69 dividend equivalent rights related to previously granted restricted stock units and performance stock units.
Summary
- Bradley A. Pearce, the Chief Accounting Officer of Koppers Holdings Inc., has reported the acquisition of 69 dividend equivalent rights.
- These rights are associated with previously granted restricted stock units (RSUs) and performance stock units (PSUs).
- 62 of the dividend equivalent rights are linked to RSUs granted on January 4th of 2021, 2022, 2023, and 2024.
- The remaining 7 dividend equivalent rights are tied to PSUs granted on January 4, 2022.
- Each dividend equivalent right represents the economic equivalent of one share of Koppers Holdings Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative in itself. It is a normal part of corporate governance.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- The granting of dividend equivalent rights alongside restricted stock units and performance stock units is a common practice in executive compensation packages across various industries.
- Many companies, such as those in the S&P 500, use similar equity-based compensation methods to align executive interests with shareholder value.
- The specific number of rights granted is dependent on the company's compensation policies and performance metrics.
Stakeholder Impact
- The acquisition of dividend equivalent rights has a minor impact on shareholders as it is part of the executive compensation plan.
- The transaction does not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/04/2021 | Date of some of the restricted stock unit grants. |
| 01/04/2022 | Date of some of the restricted stock unit and performance stock unit grants. |
| 01/04/2023 | Date of some of the restricted stock unit grants. |
| 01/04/2024 | Date of some of the restricted stock unit grants. |
| 12/16/2024 | Date of the dividend equivalent rights acquisition. |
| 12/18/2024 | Date of the filing of the form. |
Keywords
dividend equivalent rights, restricted stock units, performance stock units, Koppers Holdings Inc., insider trading, executive compensation, equity securities
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