Crown Holdings (CCK) awards 12,727 restricted shares to President Americas
Rhea-AI Filing Summary
Crown Holdings, Inc. reported that Gavin Gary M, its President - Americas Division, received a grant of 12,727 shares of restricted common stock on January 5, 2026 under the company’s 2022 Stock-Based Compensation Plan. These shares were awarded at a price of $0 per share, bringing his total directly held common shares to 38,943 after the grant.
The grant is split into time-based and performance-based portions. 4,382 time-vested restricted shares are scheduled to vest over three years: 1,461 shares on January 5, 2027, 1,461 shares on January 3, 2028, and 1,460 shares on January 3, 2029. In addition, 3,915 performance-based restricted shares are targeted to vest on January 3, 2029 based on Total Shareholder Return versus a defined peer group, and 4,430 performance-based restricted shares are targeted to vest on the same date based on Return on Invested Capital versus an ROIC target, with each performance tranche ultimately ranging from 0 to 200% of the target shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 12,727 | $0.00 | $0.00 |
Footnotes (1)
- F1. The Reporting Person was granted 12,727 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 4,382 time-vested restricted shares vest over a three year period as follows: 1,461 time-vested restricted shares on January 5, 2027 and January 3, 2028, respectively, and 1,460 time-vested restricted shares on January 3, 2029. 3,915 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 3,915. 4,430 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 4,430.
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FAQ
What insider transaction did Crown Holdings (CCK) disclose for Gavin Gary M?
The company disclosed that Gavin Gary M, President - Americas Division, was granted 12,727 shares of restricted common stock on January 5, 2026 under the 2022 Stock-Based Compensation Plan at $0 per share.
What are the performance conditions on the 3,915 Crown Holdings (CCK) performance-based restricted shares?
The filing explains that 3,915 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, with the final vested amount ranging from 0 to 200% of 3,915 shares.
Was the Crown Holdings (CCK) restricted stock grant to Gavin Gary M a direct holding?
Yes. The transaction table shows the shares as held with direct (D) ownership, indicating they are directly beneficially owned by Gavin Gary M.