Form 4 for KOP Koppers Holdings Inc.
Accepted 2024-01-08 00:00:00 ET · period of report 2024-01-04 · accession 0000950170-24-003152 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-01-08 | 2024-01-05 | KOP | Dowd Joseph P | VP, Zero Harm | M - OptEx | $0.00 | +4,740 | 42.1K | +13% | $0 |
| D | 2024-01-08 | 2024-01-04 | KOP | Dowd Joseph P | VP, Zero Harm | A - Grant | $0.00 | +2,211 | 37.4K | +6% | $0 |
| D | 2024-01-08 | 2024-01-05 | KOP | Dowd Joseph P | VP, Zero Harm | F - Tax | $47.32 | -3,885 | 38.2K | -9% | -$183.8K |
| DM | 2024-01-08 | 2024-01-04 | KOP | Dowd Joseph P | VP, Zero Harm | A - Grant | $0.00 | +6,130 | 230 | New | $0 |
| DM | 2024-01-08 | 2024-01-05 | KOP | Dowd Joseph P | VP, Zero Harm | M - OptEx | $0.00 | -4,740 | 132 | -97% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-05 | M | A | 4,642 | — | 42,017 | D | — | — | (F3) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-01-04 | A | A | 2,211 | $0.00 | 37,375 | D | — | — | (F1) The reporting person was awarded time-based restricted stock units on January 4, 2024, which will vest in annual installments of one-third each over three years. (F2) Includes 22 shares of Koppers Holdings Inc. common stock acquired pursuant to the Koppers Holdings Inc. Employee Stock Purchase Plan on December 31, 2023. These acquisitions were exempt under both Rule 16b-3(c) and Rule 16b-3(d). |
| 3 | Common | Common Stock | 2024-01-05 | M | A | 98 | $0.00 | 42,115 | D | — | — | (F4) Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis. |
| 4 | Common | Common Stock | 2024-01-05 | F | D | 3,885 | $47.32 | 38,230 | D | — | — | (F5) Shares surrendered to the issuer by the reporting person as payment for the tax withholding related to the vesting of time-based restricted stock units ("RSUs") and performance share units ("PSUs"). |
| 5 | Derivative | Restricted Stock Units | 2024-01-04 | A | A | 2,363 | $0.00 | 4,642 | D | — · — to — | 2,363 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F6) On January 4, 2021, the reporting person was granted PSUs for which the performance criteria for the three-year performance period from January 1, 2021 through December 31, 2023 have been satisfied. |
| 6 | Derivative | Restricted Stock Units | 2024-01-04 | A | A | 2,506 | $0.00 | 3,068 | D | — · — to — | 2,506 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 4, 2022, the reporting person was granted PSUs for which the performance criteria for the two-year performance period from January 1, 2022 through December 31, 2023 have been satisfied. All of the restricted stock units reported here are subject to vesting based on the continued service of the reporting person through January 5, 2025. If the Company's total shareholder return over the three-year period of January 1, 2022 through December 31, 2024 is negative, then the cumulative number of units that may vest for such three-year period will be capped at 150% of the target number. |
| 7 | Derivative | Restricted Stock Units | 2024-01-04 | A | A | 1,190 | $0.00 | 1,190 | D | — · — to — | 1,190 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 4, 2023, the reporting person was granted PSUs for which the performance criteria for the one-year performance period from January 1, 2023 through December 31, 2023 have been satisfied. All of the restricted stock units reported here are subject to vesting based on the continued service of the reporting person through January 5, 2026. If the Company's total shareholder return over the three-year period of January 1, 2023 through December 31, 2025 is negative, then the cumulative number of units that may vest for such three-year period will be capped at 150% of the target number. |
| 8 | Derivative | Dividend Equivalent Rights | 2024-01-04 | A | A | 71 | $0.00 | 230 | D | — · — to — | 71 Common Stock | (F9) The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2021, January 4, 2022, and January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. |
| 9 | Derivative | Restricted Stock Units | 2024-01-05 | M | D | 4,642 | $0.00 | 0 | D | — · — to — | 4,642 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F10) Represents previously granted performance share units for which the performance criteria for the three-year performance period from January 1, 2021 through December 31, 2023 have been satisfied, as reported in Table II above. |
| 10 | Derivative | Dividend Equivalent Rights | 2024-01-05 | M | D | 98 | $0.00 | 132 | D | — · — to — | 98 Common Stock | (F11) These DERs were released in connection with the vesting of RSUs and PSUs granted on January 4, 2021, January 4, 2022, and January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock. |