[Form 4] Carpenter Technology Corp Insider Trading Activity

Rhea-AI Filing Summary

James D. Dee, Senior Vice President, General Counsel & Secretary of Carpenter Technology Corporation (CRS), reported changes in beneficial ownership on Form 4 related to equity compensation on 08/15/2025. The filing shows 2,614 shares disposed at a price of $243.16 and 1,646 shares acquired as restricted stock units (RSUs). After the transactions, Mr. Dee beneficially owns 89,528.06 shares, up from 87,882.06 shares immediately following the disposition. The filing explains the disposition resulted from the vesting of previously reported RSUs and the acquisition reflects a grant under the company’s stock-based incentive plan for officers and key employees.

Positive

• Beneficial ownership increased overall from 87,882.06 to 89,528.06 shares after the transactions
• Transactions are explicitly tied to compensation, with RSU vesting and a grant under the company stock-based incentive plan

Negative

• Reported disposition of 2,614 shares at $243.16 reduced immediately held shares prior to the subsequent grant

Insights

Securities Analyst

TL;DR: Routine insider equity activity tied to RSU vesting and a grant, with modest net increase in reported beneficial ownership.

The Form 4 discloses a standard compensation-related sequence: vested RSUs led to a reported disposition of 2,614 shares at $243.16, while a contemporaneous grant added 1,646 RSUs. The filing explicitly states the disposition was in connection with vesting and the acquisition was a grant under the officer stock-based incentive plan. This pattern is common for executives managing tax-withholding or share-settlement mechanics and does not, by itself, indicate a change in corporate outlook or control. Impact on outstanding float is immaterial at the level disclosed and the disclosure is compliant with Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Disclosure is consistent with standard executive compensation administration; no governance red flags presented.

The report identifies the reporting person as an officer and details transactions tied to compensation plans. The explanation clarifies that shares were disposed in connection with RSU vesting and new RSUs were granted under the company plan. There are no unusual transaction codes or indications of rule 10b5-1 trading plans checked. From a governance perspective, timely filing and clear explanation meet typical transparency expectations for insider reporting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEE JAMES D

(Last) (First) (Middle)

C/O CARPENTER TECHNOLOGY CORPORATION

1735 MARKET STREET, 15TH FL

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CARPENTER TECHNOLOGY CORP [ CRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Gen Counsel & Sec

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2025		F(1)		2,614	D	$243.16	87,882.06	D
Common Stock	08/15/2025		A		1,646	A	(2)	89,528.06	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with the vesting of previously reported restricted stock units.

2. The reporting person was granted restricted stock units under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees.

	James D. Dee	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did James D. Dee report on Form 4 for CRS?

He reported a disposition of 2,614 shares at a price of $243.16 and an acquisition of 1,646 restricted stock units on 08/15/2025.

Why were shares disposed in the Form 4 filing for CRS?

The filing states the disposition occurred in connection with the vesting of previously reported restricted stock units.

How many shares does James D. Dee beneficially own after the reported transactions?

He beneficially owns 89,528.06 shares following the reported transactions.

Were the acquired securities part of a compensation plan?

Yes, the filing explains the 1,646 restricted stock units were granted under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees.

Does the Form 4 indicate use of a 10b5-1 trading plan?

No box indicating a Rule 10b5-1 plan is checked in the provided content.