Koppers (KOP) Director Andrew Sandifer Receives 13.52 RSU Award

What Happened Andrew D. Sandifer, a director of Koppers Holdings, was credited with 13.52 dividend-equivalent restricted stock units (DERs) on September 14, 2026. The Form 4 records this as an acquisition (code A) of 13.52 shares at $0.00, i.e., no cash was paid. These DERs are derivative awards that represent the economic equivalent of Koppers common stock.

Key Details

• Transaction date: 2026-09-14; Filing date: 2026-09-15 (timely).
• Transaction type/code: Award/Grant (A) of derivative units (DERs).
• Amount: 13.52 units; reported acquisition price: $0.00; reported total value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 explains DERs accrued with respect to additional RSUs (each DER = one share economic equivalent). F2 explains payout timing under the Koppers Director Deferred Compensation Plan (lump sum or annual installments beginning the May 31 after separation or a later elected date).
• No indication of a 10b5-1 plan, sale, or tax-withholding event in this transaction.

Context This was a compensation-related grant (deferred compensation/DERs), not an open-market purchase or sale. Such awards reflect director compensation and do not by themselves indicate buying or selling sentiment; the units will convert to RSUs/stock according to the director deferred compensation plan and the reporting person’s payment election.