CROWN HOLDINGS (CCK) executive uses 3,113 shares to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROWN HOLDINGS, INC. executive Gary M. Gavin, President of the Americas Division, reported a routine tax-related share disposition. On the vesting of restricted stock, 3,113 common shares were transferred to the company at $96.08 per share to cover withholding taxes. After this non-market transaction, he directly holds 34,875 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gavin Gary M
Role
President - Americas Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 3,113 | $96.08 | $299K |
Holdings After Transaction:
Common — 34,875 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares transferred for tax: 3,113 shares
Transfer price per share: $96.08 per share
Shares held after transaction: 34,875 shares
+1 more
4 metrics
Shares transferred for tax
3,113 shares
Tax withholding on restricted stock vesting
Transfer price per share
$96.08 per share
Value used for tax-withholding disposition
Shares held after transaction
34,875 shares
Direct ownership following tax withholding
Transaction date
May 15, 2026
Date of tax-withholding disposition
Key Terms
tax withholding, restricted stock, transaction code F, Form 4
4 terms
tax withholding financial
"transferred to the Company for tax withholding in connection with vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
restricted stock financial
"tax withholding in connection with vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
transaction code F regulatory
"Transaction code F indicates payment of tax liability by delivering securities"
Form 4 regulatory
"reported on this Form 4 as a tax-withholding disposition"
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 did CROWN HOLDINGS (CCK) executive Gary M. Gavin report on this Form 4?
Gary M. Gavin reported a transfer of 3,113 CROWN HOLDINGS common shares to the company. This was to satisfy tax withholding obligations arising from the vesting of restricted stock, rather than an open-market sale of shares.
What does transaction code F mean in the CCK Form 4 filing?
Transaction code F indicates shares were disposed of to pay the exercise price or tax liability. In this CROWN HOLDINGS filing, it reflects shares transferred to the company to cover withholding taxes on vesting restricted stock, not a discretionary market trade.