MOTLEY DAVID L 4
4 · Koppers Holdings Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Koppers (KOP) Director David L Motley Receives 3,280 Shares (Award)
What Happened David L. Motley, a director of Koppers Holdings, reported derivative/award activity on May 7, 2026. The filing shows: (1) conversion/exercise of 50 derivative units acquired at $0.00 and a simultaneous disposition of 50 derivative units at $0.00, and (2) the acquisition of 3,280 shares at $0.00 reported as a grant/award (derivative). The filing reports $0.00 per share (no cash purchase price shown).
Key Details
- Transaction date(s): May 7, 2026; Form 4 filed May 11, 2026 (timely).
- Reported entries: 50 shares (M) acquired @ $0.00; 50 shares (M) disposed @ $0.00; 3,280 shares (A) acquired @ $0.00.
- Shares owned after the transaction: not disclosed in the provided summary filing.
- Relevant footnotes: F1–F4 state the 3,280 shares represent shares acquired upon release of dividend equivalent rights (DERs) tied to RSUs granted May 8, 2025; each DER equals one share; RSUs convert to one-for-one shares and payout timing is governed by the Koppers Director Deferred Compensation Plan.
- No indication in the filing that this was a 10b5-1 plan or a late filing.
Context The primary item is an award/settlement related to previously granted RSUs and associated dividend-equivalent rights (a common non-cash compensation and vesting event for directors). The 50-share conversion/disposition is reported as derivative activity (no cash amounts shown); the filing does not state the reason for the disposition (e.g., sale, tax withholding). Such awards are routine compensation-related transactions and are informational rather than direct trading signals.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-07+50→ 22,044 total - Exercise/Conversion
Dividend Equivalent Rights
[F2]2026-05-07−50→ 275.501 total→ Common Stock (50 underlying) - Award
Restricted Stock Units
[F3][F4]2026-05-07+3,280→ 13,198 total→ Common Stock (3,280 underlying)
Footnotes (4)
- [F1]Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
- [F2]These DERs were released in connection with the vesting of Restricted Stock Units (" RSUs") granted on May 8, 2025. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- [F3]RSUs represent the right to receive shares of common stock on a one-for-one basis.
- [F4]The RSUs become payable according to the election of payment designation that was filed by the reporting person subject to the Koppers Holdings Inc. Director Deferred Compensation Plan (the "Plan"). Such payment will be either lump sum or in annual installments commencing on the May 31st next following the reporting person's separation from service (as defined under the Plan) or, if later, and elected by the reporting person at the time he/she first elects to defer any payment under the Plan, May 31st of the year specified by the reporting person.