Crown Holdings (NYSE: CCK) EVP awarded stock, transfers shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crown Holdings executive Gerard H. Gifford, EVP & CAO, reported equity-related transactions in the company’s common stock. He acquired 2,505 additional performance-based restricted shares that vested after the company achieved a 120% Return on Invested Capital payout versus the ROIC target. In a separate move, 5,915 shares were transferred back to the company to cover tax withholding tied to restricted stock vesting at a price of $115.36 per share. Following these transactions, he holds 102,900 shares directly and 5,859 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gifford Gerard H
Role
EVP & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 2,505 | $0.00 | -- |
| Tax Withholding | Common | 5,915 | $115.36 | $682K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 108,815 shares (Direct);
Common — 5,859 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 12,526. The Return on Invested Capital achieved by the Company compared to the ROIC target yielded a 120% payout. As a result, 2,505 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 insider transactions did Crown Holdings (CCK) report for Gerard H. Gifford?
Gerard H. Gifford reported a grant of 2,505 performance-based restricted common shares and a transfer of 5,915 shares to Crown Holdings for tax withholding. After these equity-related transactions, he directly owns 102,900 shares and indirectly holds 5,859 shares through a 401(k) plan.
What performance metric triggered the additional restricted stock for Crown Holdings’ EVP?
The additional restricted shares vested based on Crown Holdings’ Return on Invested Capital compared to a defined ROIC target. The results produced a 120% payout, leading to the issuance of 2,505 extra performance-based restricted common shares under a previously disclosed award reported in January 2023.