JENSEN TRACI L 4

What Happened
Traci L. Jensen, a director of Koppers Holdings Inc. (KOP), received a grant of 3,280 time‑based restricted stock units (RSUs) and had dividend equivalent rights (DERs) released and converted into 50 shares on May 7, 2026. The Form 4 also shows a related derivative disposition of 50 shares the same day. All reported transactions show $0.00 per-share price and $0 total value in the filing, indicating these were compensation/vesting-related events rather than open‑market purchases or sales.

Key Details

• Transactions date: May 7, 2026 (filed with SEC on May 11, 2026).
• Reported items: 3,280 RSUs awarded (A); 50 shares acquired via DER release (M); 50 derivative shares disposed (M). All at $0.00 reported price/value.
• Shares owned after transaction: Not provided in the excerpt.
• Notable footnotes: F1–DERs were converted to shares on a one‑for‑one basis; F2–the 3,280 items are time‑based RSUs; F3–the DERs released were tied to RSUs granted May 8, 2025 and each DER equals the economic equivalent of one share.
• Filing timeliness: Transaction date May 7 vs filing May 11 (four days later); Form 4s are typically required within two business days of the reportable transaction, so this filing appears later than the usual window.

Context
DERs and RSU vesting are standard equity‑compensation events. DERs represent the economic equivalent of dividends on RSUs and are often released or converted when RSUs vest. Because these transactions are awards/vestings (not open‑market purchases or sales), they generally reflect compensation mechanics rather than a direct buy/sell signal about the insider’s view of the stock.