Crown Holdings president granted 11,772 restricted shares
Crown Holdings, Inc. filed an amended insider transaction report for its President – Americas Division.
Rhea-AI Filing Summary
Crown Holdings, Inc. filed an amended insider transaction report for its President – Americas Division. The amendment notes that a previously reported disposal of 955 shares of common stock was incorrectly reported due to an administrative error and shows the executive holding 37,988 common shares directly after the correction.
The report also describes a grant of 11,772 shares of restricted common stock under the 2022 Stock-Based Compensation Plan. Of these, 4,053 time-vested shares are scheduled to vest in three equal installments of 1,351 shares on January 5, 2027, January 3, 2028, and January 3, 2029. In addition, 3,621 performance-based shares may vest on January 3, 2029 based on total shareholder return versus a peer group, and 4,098 performance-based shares may vest on the same date based on return on invested capital, with each performance-based portion ultimately ranging from 0% to 200% of its target amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common | 955 | $0.00 | $0.00 |
Footnotes (1)
- F1. Transaction incorrectly reported due to administrative error - disposal of 955 shares. The Reporting Person was granted 11,772 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 4,053 time-vested restricted shares vest over a three-year period as follows: 1,351 time-vested restricted shares on January 5, 2027, January 3, 2028 and January 3, 2029. 3,621 performance-based restricted shares are targeted to vest on January 3, 2029, based on the Company's Total Shareholder Return versus a defined peer group of companies, with the final number of performance-based vested shares varying from 0 to 200% of 3,621. 4,098 performance-based restricted shares are targeted to vest on January 3, 2029 based on the Return on Invested Capital achieved by the Company compared to the ROIC target, with the final number of performance-based vested shares varying from 0 to 200% of 4,098.
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What stock award was granted to the Crown Holdings executive in this filing?
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