Form 4: Koppers Holdings Inc. Executive Joseph P. Dowd Reports Stock Transactions
SEC Form 4
VP, Zero Harm of Koppers Holdings Inc., Joseph P. Dowd, reports the acquisition and disposal of common stock and employee stock options on March 4th and 5th, 2024.
Summary
- On March 4th and 5th, 2024, Joseph P. Dowd, VP, Zero Harm at Koppers Holdings Inc., engaged in multiple transactions involving the company's common stock and employee stock options.
- Dowd acquired shares through the exercise of employee stock options at prices of $44.1, $41.6 and $26.63.
- Simultaneously, Dowd disposed of shares through sales on the open market at weighted average prices ranging from $53.47 to $54.02.
- The reported transactions resulted in a decrease in Dowd's direct holdings of Koppers Holdings Inc. common stock from 38,685 to 23,072 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information provided is consistent with the level of detail expected in such filings, including transaction dates, prices, and quantities.
- Similar filings can be observed for executives at comparable companies in the specialty chemical industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the supply of shares in the market.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 03/03/2018 | Date employee stock options were granted. |
| 03/02/2019 | Date employee stock options were granted. |
| 03/06/2020 | Date employee stock options were granted. |
| 03/04/2024 | Date of earliest transaction: exercise of stock options and sale of common stock. |
| 03/05/2024 | Date of transaction: sale of common stock. |
| 03/06/2024 | Date of report. |
| 03/03/2027 | Expiration date of employee stock options. |
| 03/02/2028 | Expiration date of employee stock options. |
| 03/06/2029 | Expiration date of employee stock options. |
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