[Form 4] Crown Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Crown Holdings, Inc. (CCK) – Form 4 insider filing dated 07/03/2025.

Executive Vice President & Chief Operating Officer Djalma Novaes Jr. reported the acquisition of 2,082 shares of restricted common stock on 07/01/2025 under the company’s 2022 Stock-Based Compensation Plan. The grant was recorded at a price of $0 because it represents equity compensation rather than an open-market purchase.

Breakdown of the award:

• 792 time-vested shares vest in three equal installments: 264 shares on 08/03/2026, 264 on 01/04/2027 and 264 on 01/03/2028.
• 490 performance-based shares vest on 01/03/2028 subject to Total Shareholder Return (TSR) vs. a peer group, with payout ranging from 0–200 % of target.
• 800 performance-based shares vest on 01/03/2028 based on Return on Invested Capital (ROIC), with payout ranging from 0–800 shares.

Following this grant, Novaes’ direct beneficial ownership rises to 116,595 shares.

No derivative securities were reported, and there were no dispositions of shares. The filing was signed by attorney-in-fact Rosemary Haselroth on 07/03/2025.

Positive

• Executive alignment: Award links compensation to multi-year TSR and ROIC targets, incentivising long-term performance.
• Increased insider ownership: Novaes’ direct stake grows to 116,595 shares, potentially strengthening management-shareholder alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity grant; small relative to float; neutral valuation impact.

The 2,082-share award to EVP & COO Novaes represents less than 0.002 % of Crown Holdings’ ~120 million outstanding shares and is standard annual compensation. Because the shares are restricted, with multi-year vesting and performance conditions tied to TSR and ROIC, the near-term dilution effect is immaterial. The filing signals continued alignment of executive incentives with shareholder returns but does not convey new strategic or financial information. Therefore, market impact is expected to be negligible.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOVAES DJALMA JR

(Last) (First) (Middle)

HIDDEN RIVER CORPORATE CENTER TWO

14025 RIVEREDGE DRIVE, SUITE 300

(Street)

TAMPA FL 33637

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CROWN HOLDINGS, INC. [ CCK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & COO

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	07/01/2025		A		2,082(1)	A	$0	116,595	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted 2,082 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 792 time-vested restricted shares vest over a three year period as follows: 264 time-vested restricted shares on August 3, 2026 and 264 time-vested restricted shares on January 4, 2027 and January 3, 2028, respectively. 490 performance-based restricted shares are targeted to vest on January 3, 2028 based on the Company's Total Shareholder Return versus a defined peer group of companies, with the final number of performance-based vested shares varying from 0 to 200% of 490. 800 performance-based restricted shares are targeted to vest on January 3, 2028 based on the Return on Invested Capital achieved by the Company compared to the ROIC target, with the final number of performance-based vested shares varying from 0 to 800.

	/s/ Rosemary Haselroth, by Power of Attorney	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Crown Holdings (CCK) shares did EVP Djalma Novaes Jr. acquire?

He received 2,082 restricted common shares on 07/01/2025.

What is the vesting schedule for the new CCK restricted shares?

792 time-vested shares vest in three tranches between 2026-2028, while 1,290 performance-based shares may vest on 01/03/2028 depending on TSR and ROIC targets.

What is Novaes’ total direct ownership after the transaction?

His direct beneficial ownership increases to 116,595 CCK shares.

Was there any cash consideration for the shares granted?

No. The restricted shares were granted at $0 as part of the 2022 Stock-Based Compensation Plan.

Does the Form 4 indicate any share dispositions by the executive?

No dispositions were reported; the filing only lists an acquisition of restricted shares.