Koppers director granted dividend equivalent rights
Koppers Holdings Inc. director Sonja Michelle Wilkerson reported awards of dividend equivalent rights tied to her director compensation.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 50 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights | 25.35 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What are the dividend equivalent rights reported for Koppers (KOP)?
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