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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 12,727 | $0.00 | -- |
Footnotes (1)
- [object Object]
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.