[Form 4] Koppers Holdings Inc. Insider Trading Activity
Insider equity disclosure: A Koppers Holdings Inc. director received dividend equivalent rights (DERs) tied to restricted stock units, with each DER equal to one share of common stock. Following the reported transaction the director directly beneficially owned 28.174 shares. The filing notes that 5.303 DERs were inadvertently omitted from prior reporting and are now included. The DERs relate to deferred compensation RSUs and will convert to stock payments according to the director's prior election under the company's director deferred compensation plan, with payout timing and form determined by that plan.
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Insights
TL;DR: Small director equity accruals reported; a prior omission was corrected, showing attention to disclosure compliance.
The report documents accrual of dividend equivalent rights tied to director restricted stock units, increasing direct beneficial ownership to 28.174 shares. The correction adding 5.303 DERs indicates the company or filer identified and remedied a prior reporting omission. While the amounts are immaterial to ownership percentages, timely corrections are important for transparency and Section 16 compliance. This filing reflects routine equity-based compensation governance rather than a strategic change in ownership.
TL;DR: Director continues to accrue deferred compensation in stock-equivalent units; payout governed by existing deferred compensation elections.
The filing shows DERs credited with respect to additional RSUs under the director deferred compensation plan; each DER equals one share economically. Payouts will follow the director's previously elected schedule under the plan, either lump-sum or installments. The inclusion of previously unreported 5.303 DERs is a corrective disclosure but does not change the structure or terms of the director's deferred compensation arrangements.