Joseph P. Dowd - Jan 5, 2023 Form 4 Insider Report for Koppers Holdings Inc. (KOP)

Role
Global VP, Zero Harm
Signature
/s/Stephanie L. Apostolou, Attorney in Fact
Stock symbol
KOP
Transactions as of
Jan 5, 2023
Transactions value $
-$31,895
Form type
4
Date filed
1/9/2023, 04:54 PM
Previous filing
Jan 5, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOP Common Stock Options Exercise $0 +17 +0.04% $0.00 39.7K Jan 5, 2023 Direct F1, F2
transaction KOP Common Stock Tax liability -$31.9K -1.12K -2.81% $28.58 38.6K Jan 5, 2023 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 Dividend Equivalent Rights Options Exercise $0 -17 -17.35% $0.00 81 Jan 5, 2023 Common Stock 17 Direct F4
transaction KOP Restricted Stock Units Award $0 +909 +66.35% $0.00 2.28K Jan 5, 2023 Common Stock 909 Direct F5, F6
transaction KOP Restricted Stock Units Award $0 +562 $0.00 562 Jan 5, 2023 Common Stock 562 Direct F5, F7
transaction KOP Dividend Equivalent Rights Award $0 +9 +11.11% $0.00 90 Jan 5, 2023 Common Stock 9 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
F2 Includes 37 shares of Koppers Holdings Inc. common stock acquired pursuant to the Koppers Holdings Inc. Employee Stock Purchase Plan on December 31, 2022. These acquisitions were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
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 These DERs were released in connection with the vesting of RSUs granted on January 4, 2021 and January 4, 2022. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
F5 Restricted stock units represent the right to receive shares of common stock on a one-for-one basis and may be settled in cash or in shares of common stock.
F6 On January 4, 2021, the reporting person was granted performance share units ("PSUs") for which the two-year performance period from January 1, 2021 through December 31, 2022 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, 2024. If the Company's total shareholder return over the three-year period of January 1, 2021 through December 31, 2023 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.
F7 On January 4, 2022, the reporting person was granted PSUs for which the one-year performance period from January 1, 2022 through December 31, 2022 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 The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2021 and January 4, 2022. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.