Koppers (NYSE: KOP) interim CFO granted shares, surrenders stock for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. interim CFO and CAO Bradley A. Pearce reported equity compensation activity tied to previously granted performance share units. On the same date, he acquired 3,474 shares of common stock as a grant and an additional 82 shares released from dividend equivalent rights on a one-for-one basis. He then surrendered 1,465 shares of common stock to the issuer to cover tax withholding on the PSU vesting, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 38,037 shares of Koppers common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
82 shares exercised/converted
Mixed
5 txns
Insider
Pearce Bradley A
Role
Interim CFO and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 82 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 82 | $0.00 | -- |
| Grant/Award | Common Stock | 3,474 | $0.00 | -- |
| Exercise | Common Stock | 82 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,465 | $37.24 | $55K |
Holdings After Transaction:
Dividend Equivalent Rights — 149 shares (Direct);
Common Stock — 39,420 shares (Direct)
Footnotes (1)
- On January 4, 2023, the reporting person was granted performance share units ("PSUs") for which the performance criteria for the measurement period from January 1, 2023 through December 31, 2025 have been satisfied. Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis. Shares surrendered to the issuer by the reporting person as payment for the tax withholding related to the vesting of PSUs. The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. These DERs were released in connection with the vesting of PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.