Koppers Holdings (KOP) director reports 5.89 dividend equivalent rights grant
Rhea-AI Filing Summary
A director of Koppers Holdings Inc. (KOP) reported acquiring 5.89 dividend equivalent rights on 12/16/2025. These rights accrued on additional restricted stock units credited as deferred compensation, and each dividend equivalent right is the economic equivalent of one share of Koppers Holdings common stock.
Following this transaction, the director beneficially owns 34.064 dividend equivalent rights, held directly. Any shares ultimately delivered from the related restricted stock units will be paid in a lump sum or in annual installments after separation from service, based on the director’s prior elections under the Koppers Holdings Director Deferred Compensation Plan.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 5.89 | $0.00 | -- |
Footnotes (1)
- The dividend equivalent rights ("DERs") accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person with respect to deferred compensation. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. Once released, the RSUs corresponding to these DERs will become payable according to the election of payment designation that was filed by the reporting person subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the "Plan"). Such payment will be either lump sum or in annual installments commencing on the May 31st next following the reporting person's separation from service (as defined under the Plan) or, if later, and elected by the reporting person at the time he/she first elects to defer any payment under the Plan, May 31st of the year specified by the reporting person.
FAQ
What insider transaction did Koppers Holdings (KOP) report in this Form 4?
A Koppers Holdings director reported acquiring 5.89 dividend equivalent rights on 12/16/2025 related to deferred compensation in the form of restricted stock units.
What are dividend equivalent rights in the Koppers Holdings (KOP) disclosure?
The dividend equivalent rights are tied to additional restricted stock units credited as deferred compensation, and each right is the economic equivalent of one share of Koppers Holdings common stock.
How many dividend equivalent rights does the Koppers (KOP) director hold after this transaction?
After this grant, the director beneficially owns 34.064 dividend equivalent rights, according to the reported holdings.
Did the Koppers (KOP) director pay cash for the dividend equivalent rights?
No cash was paid for these instruments; the price of each dividend equivalent right is reported as $0, reflecting that they were credited as part of deferred compensation rather than purchased on the market.
Is the Koppers (KOP) reporting person an officer or a director?
The reporting person is identified as a director of Koppers Holdings Inc., with the director box checked and the officer and 10% owner boxes left unchecked.