Carpenter Tech affiliate plans $25M share sale

CARPENTER TECHNOLOGY CORP (CRS) received a notice that affiliated person Tony Thene intends to rely on Rule 144 to sell up to 51,827 shares of common stock through Morgan Stanley Smith Barney LLC.

Rhea-AI Filing Summary

CARPENTER TECHNOLOGY CORP (CRS) received a notice that affiliated person Tony Thene intends to rely on Rule 144 to sell up to 51,827 shares of common stock through Morgan Stanley Smith Barney LLC. The filing shows an aggregate market value of about $25,072,741.68 for these planned sales, compared with 49,558,566 common shares outstanding. The shares relate to 38,947 performance shares vesting around 06/30/2026 and 12,880 restricted stock units vesting around 08/15/2026.

Key Figures

Shares proposed to be sold: 51,827 shares Aggregate market value: $25,072,741.68 Shares outstanding: 49,558,566 shares +3 more

6 metrics

Shares proposed to be sold 51,827 shares Common stock covered by the Rule 144 notice

Aggregate market value $25,072,741.68 Market value of the 51,827 CRS shares proposed for sale

Shares outstanding 49,558,566 shares CRS common shares outstanding as reported in the notice

Performance shares 38,947 shares Performance shares expected to be available on 06/30/2026

Restricted stock 12,880 shares Restricted stock expected to be available on 08/15/2026

Planned sale date 08/25/2026 Approximate date of proposed sale under Rule 144

Key Terms

Rule 144, Performance Shares, Restricted Stock, Aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Performance Shares financial

"Common | 06/30/2026 | Performance Shares | Issuer"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Restricted Stock financial

"Common | 08/15/2026 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Aggregate market value financial

"51827 | 25072741.68 | 49558566 | 08/25/2026 | NYSE"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for CARPENTER TECHNOLOGY CORP (CRS)?

The Form 144 states that Tony Thene, an affiliated person of CARPENTER TECHNOLOGY CORP, has given notice of an intent to sell up to 51,827 CRS common shares under Rule 144, subject to applicable conditions and timing.

How many CRS shares are planned for sale in this Form 144?

The notice covers up to 51,827 CRS common shares. These consist of 38,947 performance shares and 12,880 restricted stock shares expected to be available around mid-2026.

What is the aggregate market value of the CRS shares in this Form 144?

The Form 144 lists an aggregate market value of approximately $25,072,741.68 for the 51,827 CRS common shares covered by the notice of proposed sale.

How does the planned CRS sale compare to total shares outstanding?

The filing reports 49,558,566 CRS common shares outstanding. The proposed sale of 51,827 shares represents only a small fraction of the total outstanding common stock.

Who is handling the brokerage for the planned CRS share sale?

The Form 144 identifies Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, as the broker for the proposed sale of CRS common shares.

On which exchange are the CRS shares listed for this Form 144 sale?

The Form 144 indicates that the CRS common shares covered by the notice are listed on the NYSE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 05:08 PM EDT Accepted by SEC EDGAR 08/25/2026 - 05:07 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001420435
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CARPENTER TECHNOLOGY CORPORATION
SEC File Number	001-05828
Address of Issuer	1735 Market Street Philadelphia PENNSYLVANIA 19103
Phone	610-208-2000
Name of Person for Whose Account the Securities are To Be Sold	TONY THENE
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	51827	25072741.68	49558566	08/25/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/30/2026	Performance Shares	Issuer			38947	06/30/2026	Not Applicable
Common	08/15/2026	Restricted Stock	Issuer			12880	08/15/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/25/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Tony R.Thene
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)