Stephen G. Lucas - Jan 4, 2024 Form 4 Insider Report for Koppers Holdings Inc. (KOP)

Signature
/s/Stephanie L. Apostolou, Attorney in Fact
Stock symbol
KOP
Transactions as of
Jan 4, 2024
Transactions value $
-$32,083
Form type
4
Date filed
1/8/2024, 07:43 PM
Previous filing
Dec 14, 2023
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOP Common Stock Award $0 +3.71K +17.43% $0.00 25K Jan 4, 2024 Direct F1
transaction KOP Common Stock Options Exercise $0 +9 +0.04% $0.00 25K Jan 5, 2024 Direct F2
transaction KOP Common Stock Tax liability -$32.1K -678 -2.71% $47.32 24.3K Jan 5, 2024 Direct F3

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 +1.52K $0.00 1.52K Jan 4, 2024 Common Stock 1.52K Direct F4, F5
transaction KOP Dividend Equivalent Rights Award $0 +8 +4.37% $0.00 191 Jan 4, 2024 Common Stock 8 Direct F6
transaction KOP Dividend Equivalent Rights Options Exercise $0 -9 -4.71% $0.00 182 Jan 5, 2024 Common Stock 9 Direct F7
* 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 Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
F3 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").
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On January 4, 2023, the reporting person was granted performance share units ("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.
F6 The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
F7 These DERs were released in connection with the vesting of RSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.