Form 4: Koppers Holdings Inc. Executive Stephen G. Lucas Reports Stock Transactions
SEC Form 4 Filing
Stephen G. Lucas, VP of Culture and Engagement at Koppers Holdings Inc., reports the acquisition of 86 shares and disposal of 2,796 shares of common stock on April 11, 2024.
Summary
- On April 11, 2024, Stephen G. Lucas, VP of Culture and Engagement at Koppers Holdings Inc., reported transactions involving Koppers Holdings Inc. common stock.
- Lucas acquired 86 shares of common stock upon the release of dividend equivalent rights.
- He also disposed of 2,796 shares to cover tax withholding related to the vesting of time-based restricted stock units (RSUs) at a price of $56.21 per share.
- Following these transactions, Lucas directly owns 21,623 shares of Koppers Holdings Inc. common stock.
- He also owns 104 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral 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. It allows investors to monitor the actions of key personnel and their sentiment towards the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
- Similar filings can be observed for executives at comparable companies in the materials and construction industries.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of stock transactions: acquisition of shares from dividend equivalent rights and disposal of shares for tax withholding. |
| 04/11/2022 | Date of RSU grant related to the released DERs. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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