MOTLEY DAVID L 4
4 · Koppers Holdings Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Koppers (KOP) Director David L. Motley Receives Award of 20.663 DERs
What Happened
David L. Motley, a director of Koppers Holdings Inc. (KOP), received an award on 2026-06-15 consisting of 20.663 dividend-equivalent rights (DERs) linked to restricted stock units (RSUs). The transaction is reported as an acquisition (derivative) at $0.00 per unit (reported value $0). This is an award/grant under the company’s director deferred compensation arrangements, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed two days after the transaction, which appears timely for a Form 4).
- Award: 20.663 DERs; reported acquisition price: $0.00 (derivative grant).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: Each DER is the economic equivalent of one share of Koppers common stock and accrued with respect to additional RSUs credited relating to deferred compensation.
- F2: Once released, the RSUs corresponding to these DERs will be paid according to the reporting person’s prior election under the Koppers Director Deferred Compensation Plan (either lump sum or annual installments beginning the May 31 following separation or a later elected date).
- No indication of a 10b5-1 plan, sale, tax withholding, or late filing flag in this report.
Context: These DERs are a form of deferred compensation that represent the economic equivalent of shares and will convert to RSUs/payments under the company’s director deferred compensation plan. This is a grant/award (not a purchase or sale) and therefore is a routine compensation event rather than a direct public-market trading signal.
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1][F2]2026-06-15+20.663→ 296.164 total→ Common Stock (20.663 underlying)
Footnotes (2)
- [F1]The dividend equivalent rights ("DERs") accrued with respect to additional restricted stock units ("RSUs") credited to the reporting person with respect to deferred compensation. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- [F2]Once released, the RSUs corresponding to these DERs will 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.