Crown Holdings (NYSE: CCK) CFO gets performance shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
CLOTHIER KEVIN CHARLES
Role
Senior Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 1,046 | $0.00 | -- |
| Tax Withholding | Common | 2,469 | $115.36 | $285K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 82,613 shares (Direct);
Common — 364 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- 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. Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
FAQ
What did CROWN HOLDINGS (CCK) CFO Kevin Clothier report in this Form 4?
CFO Kevin Clothier reported equity award activity in CROWN HOLDINGS common stock. He received performance-based restricted shares after targets were met and transferred other shares back to the company to cover tax withholding obligations tied to restricted stock vesting.
What performance condition affected the CROWN HOLDINGS (CCK) restricted stock payout?
The payout depended on CROWN HOLDINGS’ Return on Invested Capital versus a defined ROIC target. The plan allowed from 0% to 200% of 5,228 target shares, and actual results produced a 120% payout, leading to issuance of 1,046 additional performance-based restricted shares.
Were the CROWN HOLDINGS (CCK) CFO’s transactions open-market buys or sales?
No open-market buys or sales are shown. The Form 4 reports a grant of performance-based restricted shares at no cost and a tax-withholding disposition where shares were transferred back to the company to satisfy tax obligations upon restricted stock vesting.