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Dividend rights add 50 Koppers (NYSE: KOP) shares for director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Koppers Holdings Inc. director Albert J. Neupaver acquired 50 shares of common stock on May 7, 2026. The shares were issued upon the release of Dividend Equivalent Rights, which convert on a one-for-one basis into common stock when related RSUs vest. These rights were tied to RSUs granted on May 8, 2025. After this compensation-related transaction, Neupaver directly holds 83,834 shares of Koppers common stock.

Positive

  • None.

Negative

  • None.
Insider NEUPAVER ALBERT J
Role null
Type Security Shares Price Value
Exercise Dividend Equivalent Rights 50 $0.00 --
Exercise Common Stock 50 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 0 shares (Direct, null); Common Stock — 83,834 shares (Direct, null)
Footnotes (1)
  1. Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis. 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.
Shares acquired 50 shares Common Stock from Dividend Equivalent Rights released on May 7, 2026
Price per share on exercise $0.0000 per share Conversion of Dividend Equivalent Rights into Common Stock
Shares following transaction 83,834 shares Director Albert J. Neupaver direct common stock ownership after transaction
Dividend Equivalent Rights exercised 50.0000 DERs Released and converted one-for-one into 50 common shares
RSU grant date linked to DERs May 8, 2025 DERs released upon vesting of RSUs granted on this date
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."
RSUs financial
"These DERs were released in connection with the vesting of RSUs granted on May 8, 2025."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
economic equivalent financial
"Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
NEUPAVER ALBERT J
(Last)(First)(Middle)
436 SEVENTH AVENUE
(Street)
PITTSBURGH PENNSYLVANIA 15219
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Koppers Holdings Inc. [ KOP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/07/2026M50(1)A$0(1)83,834D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(2)05/07/2026M50(2) (2) (2)Common Stock50$00D
Explanation of Responses:
1. Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
2. 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.
Remarks:
/s/ Stephanie L. Apostolou, Attorney in Fact05/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Koppers (KOP) report for Albert J. Neupaver?

Koppers reported that director Albert J. Neupaver acquired 50 shares of common stock. The shares came from the release of Dividend Equivalent Rights linked to previously granted RSUs, increasing his direct ownership to 83,834 shares.

How many Koppers (KOP) shares does Albert J. Neupaver own after this Form 4?

After the reported transaction, Albert J. Neupaver directly owns 83,834 shares of Koppers common stock. This reflects the addition of 50 shares issued when Dividend Equivalent Rights converted on a one-for-one basis into common stock at RSU vesting.

How did Albert J. Neupaver acquire the 50 new Koppers (KOP) shares?

He received 50 Koppers common shares through the release of Dividend Equivalent Rights. Each right is economically equivalent to one share and converted into common stock in connection with the vesting of RSUs granted on May 8, 2025.

What are Dividend Equivalent Rights in the Koppers (KOP) Form 4?

In this filing, Dividend Equivalent Rights are derivative awards that track Koppers common stock on a one-for-one basis. When related RSUs vest, these rights are released and convert into the same number of common shares, as occurred for 50 shares in this transaction.

Was the Koppers (KOP) Form 4 transaction an open-market stock purchase?

No, the Form 4 shows a compensation-related exercise of Dividend Equivalent Rights, not an open-market purchase. The 50 shares of common stock were acquired at a price of $0.0000 per share upon derivative release rather than through buying in the market.