Koppers (NYSE: KOP) officer receives RSUs and settles taxes in shares
Rhea-AI Filing Summary
Koppers Holdings Inc. officer Stephanie L. Apostolou, Chief Legal & Sustainability Officer and Secretary, reported multiple equity transactions in early 2026. On January 5, 2026, she was awarded 9,876 time-based restricted stock units (RSUs) that will vest in four annual 25% installments. These RSUs convert into common stock on a one-for-one basis.
On the same date, previously granted performance share units (PSUs) and related dividend equivalent rights (DERs) that had met performance criteria were converted, adding 4,666 and 240 shares of common stock, respectively. She then surrendered 5,757 shares at $26.93 per share to cover tax withholding on vesting RSUs and PSUs. Following these transactions, she directly beneficially owned 58,902 shares of Koppers common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,666 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 240 | $0.00 | -- |
| Grant/Award | Common Stock | 9,876 | $0.00 | -- |
| Exercise | Common Stock | 4,666 | $0.00 | -- |
| Exercise | Common Stock | 240 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,757 | $26.93 | $155K |
| Grant/Award | Restricted Stock Units | 1,153 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,335 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights | 39 | $0.00 | -- |
Footnotes (1)
- The reporting person was awarded time-based restricted stock units ("RSUs") on January 5, 2026, which will vest in annual installments of 25 percent over four years. Includes 828 shares of Koppers Holdings Inc. common stock acquired pursuant to the Koppers Holdings Inc. Employee Stock Purchase Plan on March 31, 2025 and June 30, 2025. These acquisitions were exempt under both Rule 16b-3(c) and Rule 16b-3(d). Restricted stock units convert into common stock on a one-for-one basis. Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis. Shares surrendered to the issuer by the reporting person as payment for the tax withholding related to the vesting of RSUs and performance share units ("PSUs"). On January 4, 2023, the reporting person was granted PSUs for which the performance criteria for the three-year performance period from January 1, 2023 through December 31, 2025 have been satisfied. On January 3, 2025, the reporting person was granted PSUs for which the performance criteria for the one-year performance period from January 1, 2025 through December 31, 2025 have been satisfied. All of the restricted stock units reported here are subject to vesting based on the continued service of the reporting person through January 5, 2028. If the Company's total shareholder return over the three-year period of January 1, 2025 through December 31, 2027 is negative, then the cumulative number of units that may vest for such three-year period will be capped at 150% of the target number. The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2023 and January 3, 2025. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. Represents previously granted PSUs for which the performance criteria for the three-year performance period from January 1, 2023 through December 31, 2025 have been satisfied, as reported in Table II above. These DERs were released in connection with the vesting of RSUs and PSUs granted on January 4, 2022, January 4, 2023, January 4, 2024, and January 3, 2025. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
FAQ
What insider transactions did Koppers (KOP) report for Stephanie L. Apostolou?
Stephanie L. Apostolou reported receiving 9,876 RSUs, conversions of previously granted performance share units and dividend equivalent rights into common stock, and the surrender of 5,757 shares to cover tax withholding, all in early January 2026.
How many restricted stock units did the Koppers (KOP) officer receive?
On January 5, 2026, she was awarded 9,876 time-based RSUs, which will vest in annual installments of 25% over four years and convert into common stock on a one-for-one basis.
How do the new Koppers (KOP) RSUs vest for the reporting officer?
The 9,876 RSUs awarded on January 5, 2026 vest in four equal annual installments of 25% each, subject to continued service through January 5, 2028, with certain units also subject to total shareholder return performance conditions.