Form 4: Koppers Holdings Inc. Executive Acquires Dividend Equivalent Rights
SEC Form 4
Daniel J. Skrovanek, VP of Growth and Innovation at Koppers Holdings Inc., reports acquisition of dividend equivalent rights.
Summary
- Daniel J. Skrovanek, VP of Growth and Innovation at Koppers Holdings Inc., filed a Form 4.
- The report details the acquisition of 53 dividend equivalent rights on December 16, 2024.
- These rights are associated with previously granted restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
- 42 DERs accrued with respect to RSUs granted on January 4, 2021, January 4, 2022, January 4, 2023, and January 4, 2024.
- 11 DERs accrued with respect to PSUs granted on January 4, 2022 and January 4, 2023.
- Each DER is equivalent to one share of Koppers Holdings Inc. common stock.
- Following the transaction, Mr. Skrovanek directly owns 119 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a company executive could be perceived positively by stakeholders as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-01-04 | Date of RSU grant related to DERs |
| 2022-01-04 | Date of RSU and PSU grant related to DERs |
| 2023-01-04 | Date of RSU and PSU grant related to DERs |
| 2024-01-04 | Date of RSU grant related to DERs |
| 2024-12-16 | Date of transaction: Acquisition of dividend equivalent rights |
| 2024-12-18 | Date of signature on the Form 4 filing |
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