Koppers (KOP) Director Feng Xudong Receives 32.946-Share Award

What Happened
Feng Xudong, a director of Koppers Holdings Inc. (KOP), was granted 32.946 dividend-equivalent restricted stock units (DERs) on 2026-09-14. The reported acquisition price was $0.00, so the immediate cash value shown on the Form 4 is $0. This is an award (transaction code A) under the company's director deferred compensation arrangements, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-14; Form 4 filed 2026-09-15 (appears timely).
• Shares/units granted: 32.946 DERs at $0.00 (derivative award). Report lists total dollar value as $0.
• Shares owned after transaction: not disclosed in the filing.
• Footnote summary: F1 — DERs accrue with respect to additional RSUs and each DER equals the economic equivalent of one share. F2 — Once released, the RSUs tied to these DERs will be payable per the director deferred compensation plan, either as a lump sum or in annual installments beginning the May 31 after separation (or a later year elected by the director).
• Transaction type: Award/Acquisition of derivative units (A). No tax-withholding or sale reported in this filing.

Context
This is a routine director compensation award tied to the company’s deferred compensation plan. DERs represent the economic equivalent of shares but will convert/pay out later according to the plan and the director’s payment elections; such awards are common and do not by themselves indicate a buy or sell signal.