Crown CFO awarded 1,046 performance shares
CROWN HOLDINGS, INC.
Rhea-AI Filing Summary
CROWN HOLDINGS, INC. Senior Vice President & CFO Kevin Charles Clothier reported routine equity award activity involving the company’s common stock. On February 26, 2026, he acquired 1,046 performance-based restricted shares at $0.00 per share after the company’s Return on Invested Capital reached a level that produced a 120% payout on a previously granted award tied to up to 5,228 target shares. He also disposed of 2,469 shares at $115.36 per share to cover tax withholding related to vesting of restricted stock. Following these transactions, he directly owned 80,144 common shares and indirectly held 364 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 1,046 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 2,469 | $115.36 | $285K |
| holding | Common | -- | -- | -- |
Footnotes (2)
- F1. Represents additional performance-based shares of Restricted Common Stock that vested on February 26, 2026 whose grant was originally reported on a Form 4 filed with the Securities and Exchange Commission on January 6, 2023 (the "Original Form 4"). As reported on the Original Form 4, such performance-based shares were originally granted to the Reporting Person based on the Company's Return on Invested Capital achieved by the Company compared to the ROIC target with the final number of performance-based shares varying from 0 to 200% of 5,228. The Return on Invested Capital achieved by the Company compared to the ROIC target yielded a 120% payout. As a result, 1,046 additional performance-based restricted shares were issued.
- F2. Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
FAQ
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What did CROWN HOLDINGS (CCK) CFO Kevin Clothier report in this Form 4?
What performance condition affected the CROWN HOLDINGS (CCK) restricted stock payout?
Were the CROWN HOLDINGS (CCK) CFO’s transactions open-market buys or sales?
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