Form 4: Koppers Holdings Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Daniel J. Skrovanek, VP of Growth and Innovation at Koppers Holdings Inc., reports the acquisition and disposal of common stock and dividend equivalent rights related to vested restricted stock units.
Summary
- On March 1, 2024, Daniel J. Skrovanek, VP of Growth and Innovation at Koppers Holdings Inc., engaged in transactions involving the company's common stock.
- Skrovanek acquired 20 shares of common stock upon the release of dividend equivalent rights (DERs).
- He also surrendered 627 shares to the issuer to cover tax withholding obligations related to the vesting of time-based restricted stock units (RSUs) at a price of $52.97 per share.
- Following these transactions, Skrovanek directly owns 30,896.366 shares of Koppers Holdings Inc. common stock and 66 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent 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 in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transactions: acquisition of shares from dividend equivalent rights and disposal of shares for tax withholding. |
| 03/03/2020 | Date of RSU grant connected to the released DERs. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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