Crown Holdings (CCK) discloses executive stock vesting and new grants
Rhea-AI Filing Summary
Crown Holdings, Inc. reported equity award activity for its SVP, General Counsel & Secretary on January 5, 2026. The executive received 4,056 performance-based restricted shares that vested after the company’s total shareholder return versus a defined peer group produced a 199% payout on an original 2023 grant.
On the same date, 4,313 shares were surrendered to the company at $105.74 per share to cover tax withholding tied to restricted stock vesting. The executive was also granted 12,300 new restricted shares under the 2022 Stock-Based Compensation Plan, split between time-vested awards through 2029 and performance-based awards tied to future total shareholder return and return on invested capital outcomes.
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FAQ
What insider stock activity did Crown Holdings (CCK) disclose for January 5, 2026?
The company disclosed that its SVP, General Counsel & Secretary had 4,056 performance-based restricted shares vest, transferred 4,313 shares back to the company for tax withholding at $105.74 per share, and received a new grant of 12,300 restricted shares under the 2022 Stock-Based Compensation Plan.
How were the 4,056 performance-based shares at Crown Holdings (CCK) determined?
The 4,056 additional performance-based shares were issued because the company’s Total Shareholder Return versus a defined peer group produced a 199% payout on a 2023 grant that initially targeted 4,097 performance-based shares, with the final amount allowed to range from 0% to 200% of that target.
Why were 4,313 Crown Holdings (CCK) shares transferred back to the company?
The 4,313 shares were transferred to Crown Holdings to satisfy tax withholding obligations related to the vesting of restricted stock, and were reported at a price of $105.74 per share.
What are the key terms of the 12,300-share restricted stock grant at Crown Holdings (CCK)?
The executive received 12,300 restricted shares. This includes 4,235 time-vested shares vesting in installments on January 5, 2027, January 3, 2028, and January 3, 2029. The rest are performance-based: 3,783 shares tied to future Total Shareholder Return versus a peer group and 4,282 shares tied to Return on Invested Capital versus a target, each with payouts that can range from 0% to 200% of the target amounts and targeted vesting on January 3, 2029.
What role does the reporting person hold at Crown Holdings (CCK)?
The reporting person is an officer of Crown Holdings, serving as SVP, General Counsel & Secretary, and filed the equity transactions as a single reporting person.
Does this Crown Holdings (CCK) insider filing involve derivative securities?
The provided disclosure includes a table for derivative securities, but no specific derivative transactions are listed in the excerpt. The detailed activity disclosed relates to non-derivative common stock and restricted stock transactions.