Lovalekar Tushar 4
4 · Koppers Holdings Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Koppers (KOP) VP Tushar Lovalekar Receives Award, Surrenders 1,021 Shares
What Happened Tushar Lovalekar, VP Information Technology at Koppers Holdings (KOP), had performance share units (PSUs) vest on 2026-02-26, resulting in the issuance of 2,303 shares and the release/conversion of 53 dividend-equivalent rights (DERs) — 2,356 shares total acquired at $0.00. To satisfy tax withholding on the vesting, he surrendered 1,021 shares back to the company at $37.24 per share, yielding cash withheld of $38,022. Net new shares retained by Lovalekar from this vesting were 1,335 shares (2,356 acquired − 1,021 surrendered).
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026.
- Awards/conversions: 2,303 shares (PSU vesting) and 53 DER-related shares acquired at $0.00.
- Tax withholding: 1,021 shares surrendered (Disposed) at $37.24/share = $38,022 (code F).
- Derivative activity: 53 DERs were converted/released in connection with the PSU vesting (codes A and M; some items reported as derivative-related).
- Shares owned after transaction: Not specified in the supplied data — check the full Form 4 for post-transaction holdings.
- Footnotes: PSU grant dated Jan 4, 2023 (performance period 2023–2025 met); DERs represent dividend equivalents and were released on vesting; surrendered shares used to cover withholding.
Context This was not an open-market buy or sale for investment purposes but the routine vesting of previously granted equity (PSUs) and a cashless-style tax withholding where shares are surrendered to the issuer. Such transactions commonly reflect compensation settlement and tax obligations rather than a personal buy/sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+2,303→ 18,166.75 total - Exercise/Conversion
Common Stock
[F2]2026-02-26+53→ 18,219.75 total - Tax Payment
Common Stock
[F3]2026-02-26$37.24/sh−1,021$38,022→ 17,198.75 total - Award
Dividend Equivalent Rights
[F4]2026-02-26+53→ 86 total→ Common Stock (53 underlying) - Exercise/Conversion
Dividend Equivalent Rights
[F5]2026-02-26−53→ 33 total→ Common Stock (53 underlying)
Footnotes (5)
- [F1]On January 4, 2023, the reporting person was granted performance share units ("PSUs") for which the performance criteria for the measurement period from January 1, 2023 through December 31, 2025 have been satisfied.
- [F2]Represents shares acquired upon release of dividend equivalent rights ("DERs"), as reported in Table II, on a one-for-one basis.
- [F3]Shares surrendered to the issuer by the reporting person as payment for the tax withholding related to the vesting of PSUs
- [F4]The DERs accrued with respect to additional PSUs credited to the reporting person with respect to PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.
- [F5]These DERs were released in connection with the vesting of PSUs granted on January 4, 2023. Each DER is the economic equivalent of one share of Koppers Holdings Inc. common stock.