Koppers officer gets stock, surrenders shares for tax
Koppers Holdings Inc. chief legal and sustainability officer Stephanie L. Apostolou reported equity compensation activity tied to previously granted performance share units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Koppers Holdings Inc. chief legal and sustainability officer Stephanie L. Apostolou reported equity compensation activity tied to previously granted performance share units. She acquired 7,223 shares of common stock and related dividend equivalent rights, then surrendered 3,149 shares at $37.24 per share to cover tax withholding, leaving her with 63,150 directly held common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 174 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 174 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,223 | $0.00 | $0.00 |
| Exercise | Common Stock | 174 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,149 | $37.24 | $117K |
Footnotes (5)
- F1. 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.
- F2. Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
- F3. Shares surrendered to the issuer by the reporting person as payment for the tax withholding related to the vesting of PSUs.
- F4. 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.
- F5. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Koppers (KOP) report for Stephanie L. Apostolou?
What are dividend equivalent rights (DERs) in the Koppers (KOP) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.