Sandifer Andrew D 4
4 · Koppers Holdings Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Koppers (KOP) Director Andrew D. Sandifer Receives 13.979-Share Award
What Happened
Andrew D. Sandifer, a director of Koppers Holdings, was granted 13.979 dividend-equivalent rights (DERs) on 2026-06-15. The reported acquisition price is $0.00, so no cash was paid; the reported value for the grant is $0. This transaction is coded as an award/grant (A) and represents a derivative equity award rather than an open-market purchase.
Key Details
- Transaction date: 2026-06-15 (reported on Form 4 filed 2026-06-17).
- Transaction type/code: Grant/Award (A) of 13.979 DERs at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: DERs accrue with respect to additional restricted stock units (RSUs); each DER equals the economic equivalent of one share of Koppers common stock.
- Footnote F2: Once released, the RSUs tied to these DERs will be paid per the director deferred compensation plan election—either a lump sum or annual installments beginning on the May 31 following separation (or a later year if elected).
- Timeliness: Filing appears timely (Form 4 filed two days after the transaction).
Context
This is a derivative compensation award (deferred-equivalent RSUs), not a market purchase or sale. Such grants reflect compensation/deferral elections and do not by themselves indicate an immediate purchase signal or sale pressure. The award will convert to RSUs/share equivalents and be paid out according to the director deferred compensation plan terms when released.
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1][F2]2026-06-15+13.979→ 103.311 total→ Common Stock (13.979 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.