Sandifer Andrew D 4
4 · Koppers Holdings Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Koppers (KOP) Director Andrew Sandifer Receives RSU/DER Award
What Happened
Andrew D. Sandifer, a director of Koppers Holdings Inc. (KOP), received equity awards on 2026-03-23 consisting of 50 derivative units and an additional 5.268 derivative units (total 55.268). Each unit is a dividend equivalent right (DER) that is the economic equivalent of one share of Koppers common stock. The awards were reported as acquired at $0.00 (these are grant/accruals, not open-market purchases).
Key Details
- Transaction date: 2026-03-23; filing date: 2026-03-25 (reported within the typical two-business-day window).
- Reported amounts: 50 DERs (related to time-based RSUs from the May 8, 2025 grant) and 5.268 DERs (related to deferred compensation) — total 55.268 RSU-equivalents.
- Reported price: $0.00 (award/grant). These are derivative awards, not immediate common stock purchases.
- Shares owned after transaction: not specified in this filing.
- Footnotes:
- F1: DERs accrued with respect to additional time-based RSUs credited from the May 8, 2025 RSU grant.
- F2: Once released, the 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 after separation (or a later year elected).
- F3: DERs also reflect amounts credited with respect to deferred compensation.
Context
This is a grant/accrual of dividend-equivalent units tied to RSUs and deferred compensation for a board director — a common form of director compensation. These DERs represent the economic equivalent of shares but are subject to the company’s RSU/deferred-compensation payout terms and are different from an open-market purchase or immediate share ownership.
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1][F2]2026-03-23+50→ 84.064 total→ Common Stock (50 underlying) - Award
Dividend Equivalent Rights
[F3][F2]2026-03-23+5.268→ 89.332 total→ Common Stock (5.268 underlying)
Footnotes (3)
- [F1]The dividend equivalent rights ("DERs") accrued with respect to additional time-based restricted stock units ("RSUs") credited to the reporting person with respect to RSUs granted on May 8, 2025. 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.
- [F3]The DERs accrued with respect to additional 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.