Koppers (KOP) director granted dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOTLEY DAVID L reported acquisition or exercise transactions in this Form 4 filing.
Koppers Holdings Inc. director David L. Motley reported routine compensation-related awards of dividend equivalent rights tied to his director equity. He received 50.0000 and 25.3500 dividend equivalent rights, each economically equal to one share of common stock and linked to time-based and deferred RSUs. Following these awards, he holds 325.5010 dividend equivalent rights. Future payments will follow his elections under the company’s Director Deferred Compensation Plan, generally beginning after his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MOTLEY DAVID L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 50 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights | 25.35 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 300.151 shares (Direct)
Footnotes (1)
- The dividend equivalent rights ("DERs") accrued with respect to additional time-based restricted stock units ("RSUs") credited to the reporting person with respect to RSUs granted on May 8, 2025. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. The DERs accrued with respect to additional 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 (KOP) director David L. Motley report?
David L. Motley reported awards of dividend equivalent rights as compensation. He received 50.0000 and 25.3500 rights tied to restricted stock units, each economically equal to one Koppers common share and payable according to his deferred compensation elections.
What are dividend equivalent rights in the Koppers (KOP) Form 4 filing?
Dividend equivalent rights (DERs) are instruments economically equivalent to one Koppers common share. In this filing, they accrued on additional restricted stock units credited to the director, mirroring dividends that would be paid on underlying shares over time.
How many dividend equivalent rights does the Koppers (KOP) director hold after this transaction?
After these awards, David L. Motley holds 325.5010 dividend equivalent rights. This reflects the cumulative balance following the two new grants of 50.0000 and 25.3500 rights reported as compensation-related acquisitions on the Form 4.
How are the Koppers (KOP) dividend equivalent rights linked to restricted stock units?
The dividend equivalent rights accrued on additional time-based restricted stock units and RSUs from deferred compensation. Each DER corresponds to one common share tied to RSUs granted on May 8, 2025 and to deferred amounts credited under the director plan.
When will Koppers (KOP) director David L. Motley receive payment for these RSUs and DERs?
Payments tied to these RSUs and their dividend equivalent rights will follow the director’s prior elections. They are payable in a lump sum or annual installments starting on May 31 after his separation from service, or a later May 31 year he previously specified.