Koppers Holdings (NYSE: KOP) officer details RSU grants and tax share surrender
Rhea-AI Filing Summary
Koppers Holdings Inc. reported insider equity activity by its Chief Accounting Officer on a Form 4. On January 5, 2026, the officer acquired 7,128 shares of common stock at $0, reflecting equity compensation, and also acquired 104 shares from the release of dividend equivalent rights. The officer then surrendered 2,470 shares at $26.93 to cover taxes related to restricted stock unit (RSU) vesting, leaving 35,946 common shares beneficially owned directly.
In derivative securities, the officer was granted 357 restricted stock units and 3 dividend equivalent rights on January 2, 2026, plus additional movements in existing dividend equivalent rights. The RSUs generally convert into common stock on a one-for-one basis and vest over time, with some awards tied to performance and total shareholder return criteria through December 31, 2027.
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FAQ
What insider transaction did Koppers Holdings (KOP) report in this Form 4?
The Chief Accounting Officer of Koppers Holdings Inc. (KOP) reported equity compensation activity, including acquiring 7,128 shares of common stock on January 5, 2026, related to restricted stock units and dividend equivalent rights, and surrendering shares to cover tax withholding.
How many Koppers (KOP) shares does the reporting person own after these transactions?
After the reported transactions, the officer beneficially owns 35,946 shares of Koppers Holdings Inc. common stock, held directly.
What restricted stock units (RSUs) were granted to the Koppers (KOP) insider?
The reporting person was awarded time-based RSUs on January 5, 2026 and 357 restricted stock units on January 2, 2026. The time-based RSUs vest in 25% annual installments over four years, and the RSUs convert into common stock on a one-for-one basis, subject to vesting conditions.
What role do dividend equivalent rights (DERs) play in this Koppers (KOP) filing?
Dividend equivalent rights (DERs) in this filing accrue in connection with performance share units and RSUs. They are described as the economic equivalent of one share of Koppers Holdings Inc. common stock and can release additional shares, such as the 104 shares released upon vesting of RSUs granted in prior years.
Why were some Koppers (KOP) shares surrendered by the insider?
The officer surrendered 2,470 shares of common stock at $26.93 per share to Koppers Holdings Inc. as payment for tax withholding related to the vesting of RSUs.
Are any of the Koppers (KOP) equity awards tied to performance?
Yes. The filing notes performance share units (PSUs) granted on January 3, 2025, for which performance criteria for the period from January 1, 2025 through December 31, 2025 have been satisfied. Vesting of related restricted stock units continues through January 5, 2028, and if the company’s total shareholder return from January 1, 2025 through December 31, 2027 is negative, units that may vest over that three-year period are capped at 150% of the target number.