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DEF 14A
KOPPERS HOLDINGS INC. filed this Form DEF 14A on 04/04/2017
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Table of Contents

EXECUTIVE COMPENSATION

 

 

(5)

The amounts shown in this column reflect the aggregate minimum number of unvested performance-based RSUs awarded in 2015 and 2016. For purposes of determining the amounts shown in this column, we assumed achievement of threshold performance goals with respect to the 2015 awards and maximum performance with respect to the 2016 awards. The actual number may be more or less depending on the company’s performance during the applicable three-year performance period. All performance-based restricted stock unit grants and related dividend equivalent units are scheduled to vest, if at all, upon the achievement of a cumulative value creation threshold of $66.7 million over the 2015-2017 period (for 2015 awards) and achievement of a total shareholder return ranking above the 25th percentile as compared to the S&P Small Cap 600 Materials Index over the 2016-2018 period (for 2016 awards), as summarized below.

 

 Name   

Grant

Date

      

# of
Unvested

Shares

       Vesting
Date
 

 Leroy M. Ball

     3/3/2015          22,090          3/3/2018  
 

 

     3/1/2016          82,826          3/1/2019  

 Michael J. Zugay

     3/3/2015          6,225          3/3/2018  
 

 

     3/1/2016          24,634          3/1/2019  

 Steven R. Lacy

     3/3/2015          8,266          3/3/2018  
 

 

     3/1/2016          27,270          3/1/2019  

 James A. Sullivan

     3/3/2015          5,602          3/3/2018  
 

 

     3/1/2016          22,652          3/1/2019  

 Stephen C. Reeder

     3/1/2016          20,540          3/1/2019  

 

 

The actual cumulative value creation certified by the committee with respect to the 2014 awards was $58.1 million and, therefore, none of the performance-based RSUs awarded in 2014 vested.

 

(6)

The amounts shown in this column reflect the minimum aggregate payout value of unvested performance-based RSUs awarded in 2015 and the maximum aggregate payout value of unvested performance-based RSUs awarded in 2016. For purposes of determining the amounts shown in this column, we assumed achievement of threshold performance goals with respect to the 2015 awards and maximum performance for the 2016 awards. The actual number may be more or less depending on the company’s performance during the applicable three-year performance period.

 

(7)

Mr. Lacy exercised all of these options on a cashless basis on March 3, 2017.

 

34    KOPPERS HOLDINGS INC. - 2017 Proxy Statement