MOTLEY DAVID L 4
Research Summary
AI-generated summary
Koppers (KOP) Director David L. Motley Receives Award
What Happened
- David L. Motley, a director of Koppers Holdings Inc. (KOP), was credited with derivative awards on March 23, 2026: 50.00 DERs and 25.35 DERs (total 75.35). Each dividend equivalent right (DER) is the economic equivalent of one share of Koppers common stock. The awards show a reported acquisition price of $0.00 (these are grant/award derivative credits, not open-market purchases).
Key Details
- Transaction date: 2026-03-23; filing date: 2026-03-25 (appears timely).
- Reported amounts: 50.00 DERs (footnote F1) and 25.35 DERs (footnote F2), total 75.35 DERs; reported price $0.00 (award/credit).
- Nature of instruments: DERs accrued with respect to additional time-based RSUs and deferred compensation RSUs; each DER equals one share economically (F1, F2).
- Payment/vesting: Once released, RSUs corresponding to these DERs will be payable per the Koppers Director Deferred Compensation Plan — either lump sum or annual installments beginning the May 31 following separation (or a later elected year) (F3).
- Shares owned after transaction: not specified in the provided excerpt.
Context
- These are awards/derivative credits tied to RSUs and dividend equivalents, not an open-market purchase or sale—typical compensation/deferral activity rather than an immediate market sentiment signal.
- The reported $0.00 price reflects that these were granted/credited DERs; actual future value will depend on Koppers’ stock price when/if the RSUs are released and paid.