Form 4: Koppers Holdings Inc. Executive Reports Changes in Beneficial Ownership

Stephanie L. Apostolou, Chief Legal & Sustainability Officer and Secretary of Koppers Holdings Inc., reports changes in beneficial ownership of company stock, including acquisitions, disposals, and vesting of restricted stock units and performance share units.

Summary

• On January 3, 2025, Stephanie L. Apostolou reported transactions involving Koppers Holdings Inc. common stock.
• These transactions include the acquisition of 13,628 shares of common stock through restricted stock units (RSUs) and performance share units (PSUs).
• Apostolou also acquired 6,867 shares through the vesting of restricted stock units and 210 shares through dividend equivalent rights (DERs).
• Additionally, 5,690 shares were disposed of to cover tax withholding related to the vesting of RSUs and PSUs at a price of $31.72 per share.
• Following these transactions, Apostolou beneficially owns 49,049 shares of Koppers Holdings Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to the alignment of executive interests with company performance.

Positives

• The acquisition of shares through RSUs and PSUs indicates a continued alignment of the executive's interests with the company's performance.
• The vesting of restricted stock units and dividend equivalent rights represents a form of compensation and incentive for the reporting person.

Negatives

• The disposal of 5,690 shares to cover tax withholding obligations reduces the executive's overall holdings, although this is a common practice.

Risks

• The value of the shares is subject to market fluctuations, which could impact the overall value of the executive's holdings.
• The vesting of future RSUs and PSUs is contingent upon continued service and potentially the company's performance, introducing an element of uncertainty.

Future Outlook

Future vesting of RSUs and PSUs is contingent upon continued service through January 5, 2026, and potentially the company's performance over specific periods.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a standard practice across publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency of insider transactions.
• The vesting schedules and performance criteria for RSUs and PSUs are common compensation tools used across various industries to align executive incentives with company goals.
• Companies like Stella-Jones and Universal Forest Products, which operate in similar industries, also utilize equity-based compensation and are subject to similar reporting requirements.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and stock ownership.
• Employees may be indirectly affected by the company's performance, which influences the vesting of PSUs.

Key Dates