Feng Xudong 4
Research Summary
AI-generated summary
Koppers (KOP) Director Feng Xudong Receives 34.065 RSU Award
What Happened
Feng Xudong, a director of Koppers Holdings Inc., was granted 34.065 dividend-equivalent restricted stock units (DERs) on June 15, 2026. The reported acquisition price is $0.00 (award/derivative grant). This is an award (not a market purchase or sale) and does not represent an open-market investment by the insider.
Key Details
- Transaction date: 2026-06-15 (Form 4 filed 2026-06-17).
- Transaction type/code: A (award/grant of a derivative interest).
- Amount: 34.065 DERs (each DER equals the economic equivalent of one share).
- Price: $0.00 per DER (awarded, no cash exchanged).
- Shares owned after transaction: not specified in the provided filing extract.
- Footnotes:
- F1: DERs accrued with respect to additional RSUs; each DER equals one share economically.
- F2: Once released, the RSUs tied to these DERs will be paid under the Koppers Director Deferred Compensation Plan, either as a lump sum or in annual installments beginning the May 31 after the director’s separation (or at a later date elected by the director).
Context
This grant is a deferred-compensation award rather than a purchase or sale. DERs are derivative credits that convert into RSUs/stock value per the company’s director deferred compensation plan and typically reflect compensation rather than a signal about the insider’s view of the stock.