Vartanian Nishan J. 4

What Happened Nishan J. Vartanian, a director of Koppers Holdings, was credited with 50 derivative awards on March 23, 2026. The Form 4 reports an "A" (award/grant) transaction for 50 units at $0.00 — these are dividend equivalent rights (DERs), not an open-market purchase or sale, so no cash changed hands.

Key Details

• Transaction date: 2026-03-23; Form 4 filed 2026-03-25 (timely filing).
• Reported transaction: 50 derivative units (code A) at $0.00 per unit; total reported value $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: The 50 DERs accrued with respect to additional time‑based RSUs credited related to RSUs granted May 8, 2025. Each DER is the economic equivalent of one share of Koppers common stock (per filing).
• No 10b5-1 plan, tax withholding, or sale noted in this report.

Context DERs represent the economic equivalent of company stock dividends tied to outstanding RSUs; they typically reflect additional compensation accruals rather than a direct purchase or sale of shares. Small awards like this are routine director compensation and do not, by themselves, signal a buy or sell decision.