Form 4: Koppers Holdings Inc. Executive Kevin Washington Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Kevin Washington, VP of External Relations at Koppers Holdings Inc., reports acquiring 5 Dividend Equivalent Rights related to previously granted restricted stock units.
Summary
- On June 10, 2024, Kevin Washington, VP of External Relations at Koppers Holdings Inc., acquired 5 Dividend Equivalent Rights (DERs).
- These DERs are associated with time-based restricted stock units (RSUs) granted on June 13, 2022.
- Each DER is economically equivalent to one share of Koppers Holdings Inc. common stock.
- Following the transaction, Mr. Washington directly owns 51 DERs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company executives. It is standard practice for publicly traded companies to report such transactions to the SEC.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 06/13/2022 | Date of original RSU grant related to the Dividend Equivalent Rights. |
| 06/10/2024 | Date of transaction: Acquisition of Dividend Equivalent Rights. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.