Form 4: Koppers Holdings Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Kevin Washington, VP of External Relations at Koppers Holdings Inc., reports transactions involving common stock and dividend equivalent rights.
Summary
- On June 13, 2024, Kevin Washington, VP of External Relations at Koppers Holdings Inc., reported transactions involving the company's stock.
- Washington acquired 22 shares of common stock upon the release of dividend equivalent rights (DERs).
- He also surrendered 831 shares to the issuer to cover tax withholding related to the vesting of restricted stock units (RSUs) at a price of $40.27 per share.
- Following these transactions, Washington directly owns 5,595 shares of Koppers Holdings Inc. common stock.
- The dividend equivalent rights were released in connection with the vesting of RSUs granted on June 13, 2022.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard stock transactions. It doesn't inherently convey positive or negative sentiment.
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 company executives and their potential impact on the stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 06/13/2022 | Date of RSU grant connected to the released DERs. |
| 06/13/2024 | Date of the reported transactions: acquisition of stock from DERs and surrender of shares for tax withholding. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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