Koppers (KOP) director Sonja Wilkerson awarded new dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. director Sonja Michelle Wilkerson reported awards of dividend equivalent rights tied to her director compensation. She acquired 50.0000 dividend equivalent rights and 25.3500 additional rights, each economically equivalent to one share of Koppers common stock, bringing her total to 325.5030 rights. These rights accrue on time-based restricted stock units granted on May 8, 2025 and on deferred compensation, and will be paid in cash or stock in a lump sum or installments after her separation from service, according to elections under the company’s Director Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WILKERSON SONJA MICHELLE
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 — 300.153 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. 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. 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.
FAQ
What insider transaction did Koppers (KOP) director Sonja Michelle Wilkerson report?
Sonja Michelle Wilkerson reported acquiring dividend equivalent rights. She received 50.0000 and 25.3500 dividend equivalent rights, derivative awards economically equivalent to Koppers common shares, as part of her director compensation and deferral arrangements.
What are the dividend equivalent rights reported for Koppers (KOP)?
The filing shows awards of dividend equivalent rights (DERs). Each DER is economically equivalent to one Koppers Holdings Inc. common share and accrues on restricted stock units and deferred compensation owed to the director under existing plans.
How many dividend equivalent rights does the Koppers (KOP) director hold after the Form 4?
After these awards, the director holds 325.5030 dividend equivalent rights. The filing shows the total derivative balance increasing as DERs accrued on previously granted restricted stock units and on deferred compensation obligations.
Are the Koppers (KOP) dividend equivalent rights an open-market stock purchase or sale?
No, the reported transactions are compensation-related awards, not market trades. Both entries use code "A" for grants or awards of dividend equivalent rights, reflecting accruals on restricted stock units and deferred compensation rather than open-market buying or selling.
When will the Koppers (KOP) director receive payment for RSUs tied to these dividend equivalent rights?
Payment will follow the director’s deferred compensation elections. The RSUs corresponding to these DERs become payable in a lump sum or annual installments starting on May 31 after separation from service, or on a later May 31 the director previously specified.