Crown Holdings (NYSE: CCK) exec withholds 61 shares for tax
Rhea-AI Filing Summary
CROWN HOLDINGS, INC. reports that Gary M. Gavin, President - Americas Division, had 61 shares of common stock transferred to the company on August 3, 2026 to satisfy tax withholding arising from the vesting of restricted stock, at $119.8700 per share. Following this tax-withholding disposition, he directly owns 34,814 common shares. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 61 shares
Net Sell
1 txn
Insider
Gavin Gary M
Role
President - Americas Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common F1 | 61 | $119.87 | $7K |
Holdings After Transaction:
Common — 34,814 shares (Direct)
Footnotes (1)
- F1. Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
Key Figures
Shares transferred for taxes: 61.0000 shares
Per-share value for withholding: $119.8700
Shares owned after transaction: 34814.0000 shares
3 metrics
Shares transferred for taxes
61.0000 shares
Tax withholding in connection with restricted stock vesting on August 3, 2026
Per-share value for withholding
$119.8700
Price per common share used to determine the 61-share tax-withholding transfer
Shares owned after transaction
34814.0000 shares
Direct Crown Holdings common stock holdings of Gary M. Gavin following the disposition
Key Terms
tax withholding, restricted stock, non-derivative
3 terms
tax withholding financial
"Represents shares 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
"shares transferred to the Company for 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.
non-derivative financial
"The transaction type is reported as non-derivative common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Crown Holdings (CCK) report for Gary M. Gavin?
Crown Holdings (CCK) reported that Gary M. Gavin transferred 61 common shares at $119.8700 per share to the company to cover tax withholding from restricted stock vesting. This is a tax-related disposition, not an open-market sale.
Was the Crown Holdings (CCK) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, where 61 shares were delivered to Crown Holdings to satisfy tax obligations tied to restricted stock vesting, rather than a voluntary open-market sale of shares.
Was the Crown Holdings (CCK) insider transaction under a Rule 10b5-1 plan?
The filing indicates the transaction was not made under a Rule 10b5-1 trading plan. The box affirming Rule 10b5-1 status is unchecked, and the transaction is described solely as payment of tax liability by delivering or withholding securities.