secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0000950170-22-026465
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers revises LTIP: RSU vesting to 3 years, adds EBITDA PSU metric, ends stock options
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- RSU vesting reduced from 4 to 3 equal annual installments for future grants under 2020 LTIP.
- New PSU performance measure based on 3-year cumulative Adjusted EBITDA thresholds; TSR PSUs retained.
- No stock option awards will be granted beginning in 2023; prior awards unchanged.
- CEO Ball granted $623,269 in RSUs, $1,246,538 each in EBITDA and TSR PSUs (grant date Jan 4, 2023).
- CFO Smith: $187,500 RSU, $187,500 EBITDA PSU, $93,750 TSR PSU; COO Sullivan: $480,000 RSU, $480,000 EBITDA PSU, $240,000 TSR PSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017022026465/0000950170-22-026465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017022026465/kop-20221207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026465

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer