Crown Holdings (NYSE: CCK) awards 900 restricted shares to controller
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garry Kevin reported acquisition or exercise transactions in this Form 4 filing.
CROWN HOLDINGS, INC. reported that VP & Corporate Controller Garry Kevin received a grant of 900 shares of restricted common stock as stock-based compensation. The award was granted at no cash cost to him and increases his direct holdings to 4,500 common shares.
The 900 time-vested restricted shares were granted under the company’s 2022 Stock-Based Compensation Plan and vest in three equal installments of 300 shares on May 14, 2027, May 15, 2028, and May 14, 2029, aligning part of his compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garry Kevin
Role
VP & Corp Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 900 | $0.00 | -- |
Holdings After Transaction:
Common — 4,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 900 shares
Holdings after transaction: 4,500 shares
Vesting installment size: 300 shares
+4 more
7 metrics
Restricted stock grant
900 shares
Grant of restricted common stock to VP & Corp Controller
Holdings after transaction
4,500 shares
Total common shares directly owned after the grant
Vesting installment size
300 shares
Each annual tranche of the 900-share restricted award
First vesting date
May 14, 2027
Initial vesting of 300 time-vested restricted shares
Second vesting date
May 15, 2028
Second 300-share vesting of restricted stock
Third vesting date
May 14, 2029
Final 300-share vesting of restricted stock grant
Grant price per share
$0.00
No cash price listed; compensation grant of common stock
Key Terms
Restricted Common Stock, 2022 Stock-Based Compensation Plan, time-vested restricted shares, Form 4
4 terms
Restricted Common Stock financial
"The Reporting Person was granted 900 shares of Restricted Common Stock under the 2022"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
2022 Stock-Based Compensation Plan financial
"granted 900 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CROWN HOLDINGS (CCK) report for Garry Kevin?
CROWN HOLDINGS reported that VP & Corporate Controller Garry Kevin received a grant of 900 shares of restricted common stock. The award was part of equity compensation and increased his direct ownership stake in the company to 4,500 common shares following the transaction.