Koppers (NYSE: KOP) CFO details PSU vesting and insider share changes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. reported equity award activity for its Chief Financial Officer. On January 2, 2026, the officer received 1,201 restricted stock units tied to performance share units granted on January 4, 2023 and 1,210 restricted stock units tied to performance share units granted on January 3, 2025, plus 38 dividend equivalent rights, each equal in value to one common share. These units vest based on continued service through January 5, 2028 and are subject to a cap if total shareholder return for the three-year period starting January 1, 2025 is negative.
On January 5, 2026, 4,860 performance share units and 240 related dividend equivalent rights converted into common stock, while 5,694 shares were surrendered to Koppers to cover tax withholding on vesting awards at a price of $26.93 per share. After these transactions, the officer directly beneficially owned 41,050 shares of Koppers common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,100 shares exercised/converted
Mixed
8 txns
Insider
Smith Jimmi Sue
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,860 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 240 | $0.00 | -- |
| Exercise | Common Stock | 4,860 | $0.00 | -- |
| Exercise | Common Stock | 240 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,694 | $26.93 | $153K |
| Grant/Award | Restricted Stock Units | 1,201 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,210 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights | 38 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Dividend Equivalent Rights — 126 shares (Direct);
Common Stock — 46,504 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Includes 790 shares of Koppers Holdings Inc. common stock acquired pursuant to the Koppers Holdings Inc. Employee Stock Purchase Plan on December 31, 2024, March 31, 2025, June 30, 2025, and September 30, 2025. These acquisitions were exempt under both Rule 16b-3(c) and Rule 16b-3(d). 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 transaction did Koppers (KOP) disclose for its CFO?
Koppers disclosed that its Chief Financial Officer received new restricted stock units and dividend equivalent rights tied to performance share units and had certain performance share units and related rights convert into common stock, along with shares surrendered for tax withholding.
What new equity awards did the Koppers (KOP) CFO receive?
On January 2, 2026, the CFO received 1,201 restricted stock units tied to performance share units granted on January 4, 2023, 1,210 restricted stock units tied to performance share units granted on January 3, 2025, and 38 dividend equivalent rights, each economically equivalent to one Koppers common share.
When do the newly reported Koppers (KOP) restricted stock units vest?
All of the restricted stock units reported vest based on the continued service of the reporting person through January 5, 2028, with a cap on the cumulative number that may vest if total shareholder return for the three-year period starting January 1, 2025 is negative.