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KOP insider files Form 144 to sell 2,448 shares via Fidelity on NYSE

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Koppers Holdings, Inc. (KOP) has filed a Form 144 to notify a proposed sale of 2,448 shares of common stock through Fidelity Brokerage Services on the NYSE with an aggregate market value of $74,620.86. The shares were acquired on 03/04/2022 via restricted stock vesting and were paid as compensation. The filer reports no securities sold in the past three months and provides the standard representation that they do not possess undisclosed material adverse information about the issuer.

Positive

  • Full transaction details disclosed including broker, exchange, share count, and aggregate market value
  • Securities acquired via restricted stock vesting and paid as compensation, clarifying the origin of the shares

Negative

  • Insider proposes to sell common shares, representing a liquidity event for an insider
  • Filing does not identify the specific selling person by name in the provided content

Insights

TL;DR: Small insider sale notification; transaction details disclosed precisely, unlikely to be material for valuation.

The Form 144 reports a proposed sale of 2,448 common shares valued at $74,620.86 executed through Fidelity on the NYSE. The shares originate from restricted stock vesting and were received as compensation on 03/04/2022. For a company of material scale, this size of sale typically has limited market impact but is relevant as an insider liquidity event. The filing confirms no sales in the prior three months, supporting that this is an isolated transaction rather than a pattern of disposals.

TL;DR: The disclosure meets Rule 144 requirements and documents compensation-related vesting; governance signal is neutral.

The notice provides required broker, share count, acquisition method, and payment nature information. That the shares resulted from restricted stock vesting indicates the disposition is tied to compensation rather than an immediate performance-driven sale. The statement attesting to absence of undisclosed material adverse information is standard. This filing should be processed as routine insider disclosure under governance best practices.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Koppers (KOP) report in this Form 144?

The filing notifies a proposed sale of 2,448 common shares on the NYSE with an aggregate market value of $74,620.86.

How were the shares acquired that are being sold?

The shares were acquired on 03/04/2022 through restricted stock vesting and were paid as compensation.

Through which broker will the KOP shares be sold?

The sale is to be executed through Fidelity Brokerage Services LLC.

Has the filer sold any Koppers securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Does the Form 144 indicate undisclosed adverse information about Koppers?

The filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
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NYSE:KOP

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575.86M
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5.27%
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4.59%
Specialty Chemicals
Lumber & Wood Products (no Furniture)
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United States
PITTSBURGH