Koppers (KOP) director receives new Dividend Equivalent Rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Feng Xudong reported acquisition or exercise transactions in this Form 4 filing.
Koppers Holdings Inc. director Xudong Feng received a grant of 34.065 Dividend Equivalent Rights, which track the value of common stock and relate to deferred restricted stock units. Following this award, he holds 411.891 such rights, payable in cash or stock under the company’s Director Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feng Xudong
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 34.065 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 411.891 shares (Direct, null)
Footnotes (1)
- The dividend equivalent rights ("DERs") accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person with respect to deferred compensation. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. Once released, the RSUs corresponding to these DERs will become payable according to the election of payment designation that was filed by the reporting person subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the "Plan"). Such payment will be either lump sum or in annual installments commencing on the May 31st next following the reporting person's separation from service (as defined under the Plan) or, if later, and elected by the reporting person at the time he/she first elects to defer any payment under the Plan, May 31st of the year specified by the reporting person.
Key Figures
Dividend Equivalent Rights granted: 34.065 rights
Dividend Equivalent Rights after grant: 411.891 rights
Transaction price per right: $0.0000
+1 more
4 metrics
Dividend Equivalent Rights granted
34.065 rights
Grant on 2026-06-15
Dividend Equivalent Rights after grant
411.891 rights
Total holdings following transaction
Transaction price per right
$0.0000
Reported transaction price
Underlying common stock
34.065 shares
Underlying security for DERs granted
Key Terms
Dividend Equivalent Rights, restricted stock units, deferred compensation, Director Deferred Compensation Plan
4 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights ("DERs") accrued with respect to additional restricted stock units"
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.
restricted stock units financial
"accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred compensation financial
"RSUs credited to the reporting person with respect to deferred compensation."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
Director Deferred Compensation Plan financial
"subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the "Plan")."
FAQ
What insider transaction did Koppers (KOP) director Xudong Feng report?
Director Xudong Feng reported receiving 34.065 Dividend Equivalent Rights as a grant. These rights mirror Koppers common stock value and were credited in connection with additional deferred restricted stock units under the company’s Director Deferred Compensation Plan.
How many Dividend Equivalent Rights does Xudong Feng hold after this KOP transaction?
After the grant, Xudong Feng holds a total of 411.891 Dividend Equivalent Rights. These rights correspond to restricted stock units credited as deferred compensation and are economically equivalent to the same number of Koppers Holdings Inc. common shares.
What are Dividend Equivalent Rights in the Koppers (KOP) Form 4 filing?
The filing states each Dividend Equivalent Right is the economic equivalent of one Koppers Holdings Inc. common share. They accrue on restricted stock units credited as deferred compensation, effectively tracking dividends and share value over time for the director.
Does the Koppers (KOP) Form 4 indicate a stock purchase or sale by Xudong Feng?
No, the Form 4 reflects a grant of Dividend Equivalent Rights classified as an acquisition of derivative awards. The transaction price per right is reported as 0.0000, indicating a compensation-related award rather than an open-market stock purchase or sale.