Crown Holdings (CCK) CEO logs stock sale, vesting and new awards
Rhea-AI Filing Summary
Crown Holdings, Inc. President & CEO, who also serves as a director, reported several equity transactions in company stock dated January 5, 2026. The insider sold 29,024 shares of common stock at $105 per share under a Rule 10b5-1(c) trading plan adopted on May 20, 2025. On the same date, 27,130 performance-based restricted shares vested at no cost, reflecting a 199% payout versus a prior target grant tied to total shareholder return.
The insider transferred 34,336 shares back to the company to cover taxes related to vesting. In addition, the insider received a new grant of 85,386 shares of restricted common stock under the 2022 Stock-Based Compensation Plan, including time-vested and performance-based tranches with vesting targets through January 3, 2029. Following these transactions, the insider directly held 489,736 shares and indirectly held 778 shares in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common | 29,024 | $105.00 | $3.05M |
| Grant/Award | Common | 27,130 | $0.00 | -- |
| Tax Withholding | Common | 34,336 | $105.74 | $3.63M |
| Grant/Award | Common | 85,386 | $0.00 | -- |
| holding | Common | -- | -- | -- |
Footnotes (1)
- Adoption date of referenced 10b5-1(c) plan is: 05/20/2025 Represents additional performance-based shares of Restricted Common Stock that vested on January 5, 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 Total Shareholder Return versus a defined group of companies with the final number of performance-based shares varying from 0 to 200% of 27,404. The Total Shareholder Return achieved by the Company versus a defined peer group of companies yielded 199% payout. As a result, 27,130 additional TSR Performance-Based Shares were issued. Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock. The Reporting Person was granted 85,386 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 29,399 time-vested restricted shares vest over a three year period as follows: 9,800 time-vested restricted shares on January 5, 2027 and January 3, 2028, respectively, and 9,799 time-vested restricted shares on January 3, 2029. 26,264 performance-based restricted shares are targeted to vest on January 3, 2029 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 26,264. 29,723 performance-based restricted shares are targeted to vest on January 3, 2029 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 200% of 29,723. At December 31, 2025, the Reporting Person owned 778 shares of CCK Common Stock under the CCK 401(k) Plan.
FAQ
What insider activity did Crown Holdings (CCK) report in this Form 4?
The President & CEO of Crown Holdings, Inc., who is also a director, reported multiple transactions on January 5, 2026, including a sale of common stock, vesting of performance-based restricted shares, tax-withholding share transfers, and a new grant of restricted common stock under the 2022 Stock-Based Compensation Plan.
What new restricted stock awards did the Crown Holdings (CCK) CEO receive?
The reporting person was granted 85,386 shares of restricted common stock under the 2022 Stock-Based Compensation Plan. This includes 29,399 time-vested shares that vest over three years and performance-based restricted shares tied to total shareholder return and return on invested capital, each with potential payouts ranging from 0 to 200% of their respective target share amounts, targeting vesting on January 3, 2029.
Was the Crown Holdings (CCK) CEO’s stock sale under a 10b5-1 trading plan?
Yes. The filing indicates that the transaction was made under a Rule 10b5-1(c) trading plan, with an adoption date of May 20, 2025, and the box for a 10b5-1(c) plan was checked.