PSU vesting gives Koppers (NYSE: KOP) SVP new shares, tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Koppers Holdings Inc. senior vice president Stephen G. Lucas reported equity compensation activity tied to previously granted performance share units. On February 26, 2026, he acquired 5,298 shares of common stock at $0.00 per share through a grant or award and ended with 35,653 common shares held directly. He also acquired 127 dividend equivalent rights and exercised 127 of these derivative awards, each economically equal to one common share. In a separate transaction, he disposed of 2,536 common shares at $37.24 per share, surrendering them to the issuer to cover tax withholding related to the vesting of the performance share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
127 shares exercised/converted
Mixed
5 txns
Insider
Lucas Stephen G
Role
SVP, Culture and Engagement
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 127 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 127 | $0.00 | -- |
| Grant/Award | Common Stock | 5,298 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,536 | $37.24 | $94K |
| Exercise | Common Stock | 127 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 229 shares (Direct);
Common Stock — 38,062 shares (Direct)
Footnotes (1)
- On January 4, 2023, the reporting person was granted performance share units ("PSUs") for which the performance criteria for the measurement period from January 1, 2023 through December 31, 2025 have been satisfied. 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 PSUs. The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. These DERs were released in connection with the vesting of PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.