Form 4: Koppers Holdings Inc. Executive James A. Sullivan Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
James A. Sullivan, President and COO of Koppers Holdings Inc., reports the acquisition of dividend equivalent rights related to restricted stock units and performance-based stock units.
Summary
- On December 16, 2024, James A. Sullivan, President and COO of Koppers Holdings Inc., reported the acquisition of 304 dividend equivalent rights (DERs).
- These DERs are associated with previously granted time-based restricted stock units (RSUs) and performance-based stock units (PSUs).
- Specifically, 195 DERs relate to RSUs granted on January 4 of 2021, 2022, 2023, and 2024, while 109 DERs relate to PSUs granted on January 4 of 2022 and 2023.
- Each DER is economically equivalent to one share of Koppers Holdings Inc. common stock.
- Following the transaction, Sullivan directly owns 628 DERs.
Sentiment
Score: 5
Explanation: This is a neutral report on an executive's acquisition of dividend equivalent rights, a common component of executive compensation. It doesn't inherently suggest positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant trend in the industry.
Stakeholder Impact
- The acquisition of dividend equivalent rights by an executive could be perceived as a positive sign by shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/04/2021 | Date of RSU grant related to DERs |
| 01/04/2022 | Date of RSU and PSU grants related to DERs |
| 01/04/2023 | Date of RSU and PSU grants related to DERs |
| 01/04/2024 | Date of RSU grant related to DERs |
| 12/16/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 12/18/2024 | Date of Form 4 signature |
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