Stephanie L. Apostolou - Jan 4, 2024 Form 4 Insider Report for Koppers Holdings Inc. (KOP)

Signature
/s/Stephanie L. Apostolou
Stock symbol
KOP
Transactions as of
Jan 4, 2024
Transactions value $
-$191,031
Form type
4
Date filed
1/8/2024, 07:39 PM
Previous filing
Dec 14, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOP Common Stock Award $0 +4.28K +14.68% $0.00 33.5K Jan 4, 2024 Direct F1, F2
transaction KOP Common Stock Options Exercise +4.76K +14.22% 38.2K Jan 5, 2024 Direct F3
transaction KOP Common Stock Options Exercise $0 +102 +0.27% $0.00 38.3K Jan 5, 2024 Direct F4
transaction KOP Common Stock Tax liability -$191K -4.04K -10.53% $47.32 34.3K Jan 5, 2024 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KOP Restricted Stock Units Award $0 +2.42K +103.77% $0.00 4.76K Jan 4, 2024 Common Stock 2.42K Direct F3, F6
transaction KOP Restricted Stock Units Award $0 +3.46K +446.71% $0.00 4.24K Jan 4, 2024 Common Stock 3.46K Direct F3, F7
transaction KOP Restricted Stock Units Award $0 +2.07K $0.00 2.07K Jan 4, 2024 Common Stock 2.07K Direct F3, F8
transaction KOP Dividend Equivalent Rights Award $0 +88 +51.76% $0.00 258 Jan 4, 2024 Common Stock 88 Direct F9
transaction KOP Restricted Stock Units Options Exercise $0 -4.76K -100% $0.00* 0 Jan 5, 2024 Common Stock 4.76K Direct F3, F10
transaction KOP Dividend Equivalent Rights Options Exercise $0 -102 -39.53% $0.00 156 Jan 5, 2024 Common Stock 102 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 809 shares of Koppers Holdings Inc. common stock acquired pursuant to the Koppers Holdings Inc. Employee Stock Purchase Plan on March 31, 2023 and June 30, 2023. These acquisitions were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
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").
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.
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.
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.
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.
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.
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.