[Form 4] Carpenter Technology Corp Insider Trading Activity

Rhea-AI Filing Summary

Carpenter Technology Corporation (CRS) reporting person Marshall D. Akins, VP and Chief Communications Officer, reported insider transactions on 08/15/2025 related to restricted stock units (RSUs). The filing shows 2,264 shares disposed at an average price of $243.16 (proceeds from a sale) in connection with the vesting of previously reported RSUs, and 2,057 shares acquired as new RSU grants under the company’s officer and key employee stock-based incentive plan. After these transactions the reporting person beneficially owned 30,803.77 shares.

The form is a standard Section 16 disclosure documenting the mechanics of RSU vesting and grant activity rather than a cash-only open-market purchase. The report was signed by a POA on 08/19/2025 and includes an explicit explanation that the disposal resulted from vesting and the acquisition represents newly granted RSUs.

Positive

• Timely disclosure of RSU vesting and grant activity, meeting Section 16 reporting requirements
• New RSU grants of 2,057 shares under the Carpenter Technology stock-based incentive plan, increasing beneficial ownership

Negative

• Sale of 2,264 shares at $243.16 which reduced immediately held shares (may signal tax withholding or liquidity event)

Insights

Financial Analyst

TL;DR: Insider realized shares from vested RSUs while receiving new RSU grants; ownership changed modestly.

The filing documents a typical compensation-related transaction where 2,264 shares were disposed at $243.16 concurrent with the vesting of previously reported restricted stock units, and 2,057 shares were newly granted as RSUs. This pattern indicates the sale likely funded tax-withholding or diversified proceeds rather than an opportunistic market-timing trade. The net effect is a slight increase in beneficial ownership to 30,803.77 shares. For investors, this is a routine executive compensation disclosure with limited standalone market impact.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16: vesting, grant and subsequent reporting are properly explained.

The report includes the required explanation that the disposition arose from the vesting of previously reported RSUs and that the acquisition represents grants under the company’s stock-based plan. The filing was executed under power of attorney and signed on 08/19/2025. From a governance perspective, the submission appears complete and consistent with regulation-driven insider reporting practices; no exceptions, amendments, or unexplained trades are present in the document.

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

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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^*

AKINS MARSHALL D

(Last) (First) (Middle)

CARPENTER TECHNOLOGY CORPORATION

1735 MARKET STREET, 15TH FLOOR

(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)
	VP and Chief Comm Officer

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)		2,264	D	$243.16	28,746.77	D
Common Stock	08/15/2025		A		2,057	A	(2)	30,803.77	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/POA	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 Marshall D. Akins report on Form 4 for CRS?

The filing reports a disposition of 2,264 shares$243.16 and an acquisition of 2,057 RSU shares, both dated 08/15/2025.

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

The disposal of 2,264 shares was reported as occurring in connection with the vesting of previously reported restricted stock units.

How many shares does the reporting person own after the reported transactions?

Following the reported transactions the reporting person beneficially owned 30,803.77 shares.

Under what plan were the acquired shares granted?

The 2,057 shares were granted as restricted stock units under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees.

When was the Form 4 signed and by whom?

The form was signed by James D. Dee, POA on 08/19/2025.