CROWN HOLDINGS (NYSE: CCK) CEO logs stock vesting and tax share transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROWN HOLDINGS, INC. President & CEO Timothy J. Donahue reported equity compensation activity in company common stock. He acquired 6,367 performance-based restricted shares that vested on February 26, 2026 at a stated price of $0.00 per share, reflecting a 120% payout versus the original performance target.
On the same date, 15,033 common shares at $115.36 per share were disposed of to the company to satisfy tax withholding obligations tied to restricted stock vesting, rather than an open-market sale. After these transactions, he directly held 466,070 common shares and indirectly held 778 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DONAHUE TIMOTHY J
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 6,367 | $0.00 | -- |
| Tax Withholding | Common | 15,033 | $115.36 | $1.73M |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 481,103 shares (Direct);
Common — 778 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 31,835. The Return on Invested Capital achieved by the Company compared to the ROIC target yielded a 120% payout. As a result, 6,367 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 did CROWN HOLDINGS (CCK) disclose in this Form 4 for its CEO?
CROWN HOLDINGS (CCK) reported that President & CEO Timothy J. Donahue had performance-based restricted stock vest and concurrent tax-withholding share transfers. These movements adjusted his direct and indirect common stock holdings without indicating any open-market buying or selling activity.