Koppers (NYSE: KOP) director granted 50 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. director Traci L. Jensen reported an acquisition of 50 dividend equivalent rights (DERs) tied to previously granted time-based restricted stock units. The DERs were credited as of March 23, 2026 and each right is economically equivalent to one share of Koppers common stock.
This is a compensation-related award at no exercise price, increasing Jensen’s derivative holdings to 50 DERs linked to RSUs granted on May 8, 2025. It does not reflect an open-market purchase or sale of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JENSEN TRACI L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 50 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 50 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Koppers (KOP) director Traci Jensen report?
Director Traci L. Jensen reported receiving 50 dividend equivalent rights (DERs). These rights are tied to previously granted time-based restricted stock units and are compensation-related, not an open-market stock purchase or sale, and carry an exercise price of $0.00 per right.
What are dividend equivalent rights (DERs) in the Koppers (KOP) Form 4?
The filing explains that each dividend equivalent right is the economic equivalent of one share of Koppers common stock. These DERs accrue on time-based restricted stock units, mirroring dividends that would be paid on actual shares, and function as a derivative compensation component.
How many Koppers (KOP) DERs does Traci Jensen hold after this transaction?
Following this transaction, Traci L. Jensen holds 50 dividend equivalent rights. All 50 derivative rights were credited in this grant, so her reported derivative position in these specific DERs equals the number acquired in the March 23, 2026 award.
Was there any open-market buying or selling of Koppers (KOP) stock in this Form 4?
No, the transaction reflects a grant of dividend equivalent rights, not an open-market trade. The Form 4 describes an acquisition under transaction code A, which covers grants or awards, with no per-share purchase price and no sale of common stock reported.