Koppers Holdings (KOP) director awarded 50 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEUPAVER ALBERT J reported acquisition or exercise transactions in this Form 4 filing.
Koppers Holdings Inc. director Albert J. Neupaver received a grant of 50 dividend equivalent rights, a form of equity-based compensation tied to existing restricted stock units. These rights were credited in connection with time-based RSUs granted on May 8, 2025, and each right is economically equivalent to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEUPAVER ALBERT J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 50 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 50 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Koppers (KOP) director Albert J. Neupaver report?
Albert J. Neupaver reported receiving 50 dividend equivalent rights as compensation. These rights are linked to time-based restricted stock units and mirror the value of Koppers Holdings common shares, increasing his equity-linked exposure without an open-market share purchase or sale.
What are dividend equivalent rights in the Koppers (KOP) Form 4 filing?
Dividend equivalent rights are awards that track the value of company dividends on underlying equity units. In this case, each right is the economic equivalent of one Koppers Holdings common share and accrued on additional time-based restricted stock units previously granted to the director.
How many dividend equivalent rights did the Koppers (KOP) director receive?
The director received 50 dividend equivalent rights tied to prior restricted stock unit grants. After the grant, his reported balance for this derivative position is 50 rights, each economically equivalent to one share of Koppers Holdings Inc. common stock under the company’s equity compensation structure.
Are the Koppers (KOP) dividend equivalent rights an open-market transaction?
No, the dividend equivalent rights reflect a grant related to existing restricted stock units, not a market trade. They accrued as part of the director’s equity compensation program, providing economic exposure similar to common stock without buying or selling shares on the open market.
What is the relationship between Koppers (KOP) RSUs and these dividend equivalent rights?
The dividend equivalent rights accrued on additional time-based RSUs credited in connection with RSUs granted on May 8, 2025. Each right mirrors the value of one Koppers Holdings common share, effectively extending dividend-like economic benefits to the underlying restricted stock unit awards.