CROWN CEO reports vesting and tax-share transfers
CROWN HOLDINGS, INC.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 6,367 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 15,033 | $115.36 | $1.73M |
| holding | Common | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.
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What did CROWN HOLDINGS (CCK) disclose in this Form 4 for its CEO?
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