Koppers (NYSE: KOP) director adds shares through stock grant and dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. director Traci L. Jensen reported equity-based compensation activity involving company common stock. On May 7, 2026, she acquired 3,280 shares of common stock at no cost as part of a grant or award, increasing her direct ownership.
She also exercised 50 dividend equivalent rights, each economically equivalent to one share of common stock, tied to time-based restricted stock units granted on May 8, 2025. Following these transactions, Jensen directly holds 32,059.104 shares of Koppers common stock, with no sales or dispositions reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
50 shares exercised/converted
Mixed
3 txns
Insider
JENSEN TRACI L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 50 | $0.00 | -- |
| Exercise | Common Stock | 50 | $0.00 | -- |
| Grant/Award | Common Stock | 3,280 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 0 shares (Direct, null);
Common Stock — 32,059.104 shares (Direct, null)
Footnotes (1)
- Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis. The reporting person was awarded time-based restricted stock units ("RSUs"). These DERs were released in connection with the vesting of RSUs granted on May 8, 2025. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
Key Figures
Stock grant: 3,280 shares
DERs exercised: 50 shares
Holdings after grant: 35,339.104 shares
+2 more
5 metrics
Stock grant
3,280 shares
Common stock award on May 7, 2026 at $0.00
DERs exercised
50 shares
Dividend equivalent rights converted to common stock at $0.00
Holdings after grant
35,339.104 shares
Common stock directly owned after stock award
Final direct holdings
32,059.104 shares
Common stock directly owned after DERs exercise
Exercise price
$0.0000/share
Price per share for DERs conversion to common stock
Key Terms
Dividend Equivalent Rights, DERs, restricted stock units
3 terms
Dividend Equivalent Rights financial
"Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
DERs financial
"These DERs were released in connection with the vesting of RSUs granted on May 8, 2025."
restricted stock units financial
"The reporting person was awarded time-based restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What did Koppers (KOP) director Traci L. Jensen report in this Form 4?
Traci L. Jensen reported acquiring Koppers common stock through equity awards. She received 3,280 shares via a grant and 50 shares through exercised dividend equivalent rights, all at no cost, reflecting routine equity-based compensation with no share sales disclosed.
What are the dividend equivalent rights mentioned in the Koppers (KOP) Form 4?
The dividend equivalent rights are instruments economically equivalent to Koppers common stock. In this filing, 50 rights converted into 50 shares of common stock in connection with vesting restricted stock units granted on May 8, 2025, and all such rights were fully released.
How are restricted stock units described in the Koppers (KOP) Form 4 footnotes?
The footnotes state that Traci L. Jensen was awarded time-based restricted stock units. Dividend equivalent rights related to those RSUs, granted on May 8, 2025, were released upon vesting, with each right delivering the economic value of one Koppers common share.