[Form 4] Crown Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Crown Holdings, Inc. (CCK) – Form 4 insider activity

Director Dwayne Andree Wilson filed a Form 4 for a 07/30/2025 transaction. He acquired 389 deferred stock units (transaction code “A”) at a stated price of $103.008 each. Every deferred unit is the economic equivalent of one common share and will be paid in cash after he leaves the Board. After this award, Wilson directly holds 2,644 deferred stock units. No common-share trades or dispositions were reported.

The filing reflects a routine, compensation-related grant that modestly raises the director’s economic stake but does not represent an open-market purchase. Investors may view the increased alignment of interests positively, yet the limited size and deferred-settlement structure mean the event is unlikely to materially affect CCK’s valuation or trading dynamics.

Positive

• Director increased beneficial ownership by 389 share-equivalent units, modestly enhancing alignment with shareholders.
• Cash-settled deferred stock avoids future dilution, preserving share count.

Negative

• Transaction is compensation-related rather than an open-market purchase, limiting its signaling value.
• Small size (389 units) is immaterial to CCK’s share float and unlikely to influence investor sentiment.

Insights

Securities Analyst

TL;DR – Routine deferred-stock grant; minimal market impact.

The 389-unit award (≈0.003% of CCK’s 119 m shares outstanding) is part of standard board compensation. It increases insider exposure but lacks the signaling power of an open-market buy. The cash-settled feature eliminates future dilution, keeping share count unchanged. Overall impact on valuation, liquidity, or sentiment is negligible.

Corporate Governance Specialist

TL;DR – Grant aligns director incentives without diluting shareholders.

Deferred stock payable in cash ties Wilson’s wealth to CCK performance while avoiding share issuance. Such structures are best practice for aligning interests yet keeping equity overhead low. Because settlement occurs on board departure, it supports long-term oversight. Governance quality slightly strengthened, but effect is incremental rather than transformative.

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).

1. Name and Address of Reporting Person^*

Wilson Dwayne Andree

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

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

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
Deferred Stock	(1)	07/30/2025		A		389		(1)	(1)	Common Stock	389	$103.008	2,644	D

Explanation of Responses:

1. Each share of deferred stock is the economic equivalent of one share of common stock. The shares of deferred stock become payable in cash as soon as administratively feasible following the time the reporting person ceases to be a Director of the Company.

	/s/ Rosemary Haselroth, by Power of Attorney	07/30/2025
	** 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

What did CCK director Dwayne Wilson purchase?

He received 389 deferred stock units, each economically equal to one CCK common share.

Was the insider transaction a buy or sell of Crown Holdings stock?

It was an acquisition (code “A”); no shares were sold.

How many Crown Holdings deferred stock units does the director now own?

Post-transaction, Wilson directly owns 2,644 deferred stock units.

What price was reported for the derivative security?

The Form 4 lists a price of $103.008 per deferred stock unit.

Does the grant dilute existing CCK shareholders?

No. The deferred stock is cash-settled, so no new shares are issued.