Koppers (NYSE: KOP) director receives grant of 50 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vartanian Nishan J. reported acquisition or exercise transactions in this Form 4 filing.
Koppers Holdings Inc. director Nishan J. Vartanian received a grant of 50 Dividend Equivalent Rights on common stock. These rights were awarded as a derivative, compensation-related grant and are the economic equivalent of 50 shares of Koppers common stock tied to prior RSU awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vartanian Nishan J.
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)
- [object Object]
FAQ
What insider transaction did Koppers (KOP) report for Nishan J. Vartanian?
Koppers reported that director Nishan J. Vartanian received 50 Dividend Equivalent Rights as a compensation-related grant. These derivative rights are tied to existing restricted stock units and are economically equivalent to 50 shares of Koppers common stock.
What are Dividend Equivalent Rights in the Koppers (KOP) Form 4 filing?
Dividend Equivalent Rights are derivative awards that mirror the value of common stock dividends. In this case, each of the 50 rights is the economic equivalent of one Koppers common share, accruing with respect to existing time-based restricted stock units held by the director.
Did the Koppers (KOP) Form 4 show a stock purchase or sale?
The Form 4 did not show a market purchase or sale. It reported an acquisition coded as a grant of 50 Dividend Equivalent Rights, a compensation-related award rather than an open-market transaction in Koppers common stock by the director.
How many Koppers (KOP) Dividend Equivalent Rights does the director hold after this grant?
Following the reported transaction, the director holds 50 Dividend Equivalent Rights. The Form 4 shows these derivative awards as directly owned and economically equivalent to 50 shares of Koppers Holdings Inc. common stock tied to prior RSU grants.
What RSU grant are the Koppers (KOP) Dividend Equivalent Rights tied to?
The Dividend Equivalent Rights accrued with respect to additional time-based restricted stock units credited in connection with RSUs granted on May 8, 2025. Each right reflects the economic value of one share of Koppers common stock linked to those RSU awards.