Koppers (KOP) director receives new dividend equivalent rights tied to RSUs
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 Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sandifer Andrew D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 13.979 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 103.311 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Dividend equivalent rights granted: 13.979 rights
Price per right: $0.00 per right
Total dividend equivalent rights after transaction: 103.311 rights
+1 more
4 metrics
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
Key Terms
Dividend Equivalent Rights, restricted stock units, deferred compensation, Director Deferred Compensation Plan, +1 more
5 terms
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)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.