Kevin Washington - Jan 4, 2024 Form 4 Insider Report for Koppers Holdings Inc. (KOP)

Role: VP, External Relations
Signature: /s/Stephanie L. Apostolou, Attorney in Fact
Stock symbol: KOP
Transactions as of: Jan 4, 2024
Transactions value $: -$15,710
Form type: 4
Date filed: 1/8/2024, 07:46 PM
Previous filing: Dec 14, 2023
Next filing: Mar 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KOP	Common Stock	Award	$0	+1.49K	+22.77%	$0.00	8.06K	Jan 4, 2024	Direct	F1
transaction	KOP	Common Stock	Options Exercise	$0	+4	+0.05%	$0.00	8.06K	Jan 5, 2024	Direct	F2
transaction	KOP	Common Stock	Tax liability	-$15.7K	-332	-4.12%	$47.32	7.73K	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	+692		$0.00	692	Jan 4, 2024	Common Stock	692		Direct	F4, F5
transaction	KOP	Dividend Equivalent Rights	Award	$0	+4	+8.7%	$0.00	50	Jan 4, 2024	Common Stock	4		Direct	F6
transaction	KOP	Dividend Equivalent Rights	Options Exercise	$0	-4	-8%	$0.00	46	Jan 5, 2024	Common Stock	4		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.