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Koppers (KOP) director receives new dividend equivalent rights tied to RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sandifer Andrew D reported acquisition or exercise transactions in this Form 4 filing.

Koppers Holdings Inc. director Andrew D. Sandifer received a grant of 13.979 dividend equivalent rights tied to common stock. These rights were awarded at a price of $0.00 per right and increase his directly held derivative balance to 103.311 dividend equivalent rights.

The dividend equivalent rights accrue on additional restricted stock units related to deferred compensation and are economically equivalent to common shares. Once released, the corresponding RSUs will be paid in either a lump sum or annual installments, beginning on a future May 31 date determined under the company’s Director Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.
Insider Sandifer Andrew D
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 13.979 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 103.311 shares (Direct, null)
Footnotes (1)
  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.
Dividend equivalent rights granted 13.979 rights Grant on 2026-06-15 classified as award acquisition
Price per right $0.00 per right Grant of dividend equivalent rights
Total dividend equivalent rights after transaction 103.311 rights Derivative holdings following reported grant
Underlying common stock per right 1 share per right Each right is economic equivalent of one Koppers common share
Dividend Equivalent Rights financial
"The dividend equivalent rights ("DERs") accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"DERs accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person with respect to deferred compensation"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred compensation financial
"additional restricted stock units ("RSUs") credited to the reporting person with respect to deferred compensation"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
Director Deferred Compensation Plan financial
"subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the "Plan")"
separation from service financial
"commencing on the May 31st next following the reporting person's separation from service (as defined under the Plan)"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sandifer Andrew D
(Last)(First)(Middle)
436 SEVENTH AVENUE
(Street)
PITTSBURGH PENNSYLVANIA 15219
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Koppers Holdings Inc. [ KOP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)06/15/2026A13.979 (2) (2)Common Stock13.979$0103.311D
Explanation of Responses:
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.
2. 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.
Remarks:
/s/ Stephanie L. Apostolou, Attorney in Fact06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Koppers (KOP) director Andrew D. Sandifer report in this Form 4?

Andrew D. Sandifer reported receiving 13.979 dividend equivalent rights at $0.00 per right. These rights are tied to restricted stock units related to deferred compensation and increase his total derivative holdings to 103.311 dividend equivalent rights.

What are dividend equivalent rights in the Koppers (KOP) Form 4 filing?

Dividend equivalent rights are instruments economically equivalent to one share of Koppers common stock. In this filing, 13.979 rights accrued on additional restricted stock units connected to deferred compensation, increasing the director’s derivative position without involving an open-market stock purchase or sale.

How many dividend equivalent rights does the Koppers (KOP) director hold after the transaction?

Following the reported transaction, the director holds a total of 103.311 dividend equivalent rights. These are derivative positions linked to underlying Koppers common stock and arise from deferred compensation arrangements rather than cash purchases in the open market.

When will the RSUs tied to these Koppers (KOP) dividend equivalent rights be paid?

Once released, the restricted stock units corresponding to these dividend equivalent rights will be paid according to the director’s prior election. Payment will be either in a lump sum or annual installments starting on May 31 following separation from service or a later elected May 31.

Does the Koppers (KOP) Form 4 indicate any stock sales or open-market purchases?

The Form 4 discloses a grant of dividend equivalent rights classified as a grant or award acquisition. It does not show any open-market stock purchases or sales, and the transaction price for the rights is reported as $0.00 per right.