Form 4: Koppers Holdings SVP Accrues Equity Rights

Stephen G. Lucas, SVP of Culture and Engagement at Koppers Holdings Inc., reported the acquisition of 169 dividend equivalent rights, increasing his total beneficial ownership to 234 DERs.

Summary

• Stephen G. Lucas, Senior Vice President of Culture and Engagement at Koppers Holdings Inc. (KOP), reported a change in beneficial ownership.
• The transaction involved the acquisition of 169 Dividend Equivalent Rights (DERs) on December 16, 2025.
• These DERs accrued with respect to additional time-based and performance-based restricted stock units (RSUs and PSUs) credited to Mr. Lucas.
• Specifically, 142 DERs accrued from RSUs granted on January 4, 2023, January 4, 2024, and January 3, 2025.
• An additional 27 DERs accrued from PSUs granted on January 4, 2023.
• Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
• Following this transaction, Mr. Lucas beneficially owns a total of 234 DERs.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. This is a routine compensation event where an executive accrues equity-linked instruments, indicating continued alignment of interests with shareholders. It is not a direct purchase of shares but an accumulation of rights tied to future share value.

Positives

• The acquisition of Dividend Equivalent Rights (DERs) indicates continued equity interest by a senior executive, aligning management's interests with shareholders.
• DERs are linked to the company's common stock, providing an incentive for the executive to contribute to the company's performance and share price appreciation.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction reflects a routine compensation event for a senior executive within Koppers Holdings Inc., a company operating in the materials and chemicals sector. Such accruals are common mechanisms for executive incentive and retention across various industries.

Stakeholder Impact

• Shareholders: The accrual of equity-linked instruments by a senior executive generally signals continued alignment of management's interests with those of shareholders, as the executive's compensation is tied to the company's stock performance.

Key Dates

Keywords

Koppers Holdings Inc., KOP, Stephen G. Lucas, Dividend Equivalent Rights, DERs, Restricted Stock Units, Performance Stock Units, Insider Transaction, Beneficial Ownership, Executive Compensation