Form 4: Koppers Holdings Inc. Executive Stephen G. Lucas Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Stephen G. Lucas, VP of Culture and Engagement at Koppers Holdings Inc., reports acquiring dividend equivalent rights related to restricted stock units.
Summary
- On March 25, 2024, Stephen G. Lucas, VP of Culture and Engagement at Koppers Holdings Inc., acquired 8 dividend equivalent rights (DERs).
- These DERs are associated with time-based restricted stock units (RSUs) granted on April 11, 2022.
- Each DER is economically equivalent to one share of Koppers Holdings Inc. common stock.
- Following the transaction, Lucas directly owns 190 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Koppers Holdings Inc.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a company executive may be of interest to shareholders as it reflects the executive's alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 04/11/2022 | Date of grant for the restricted stock units (RSUs) to which the dividend equivalent rights (DERs) relate. |
| 03/25/2024 | Date of transaction: Acquisition of 8 dividend equivalent rights. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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