Carpenter Technology Form 4: Lain reports RSU vesting and grant on 08/15/2025

Rhea-AI Filing Summary

Carpenter Technology Corp (CRS) insider report: Senior Vice President and Chief Financial Officer Timothy Lain reported transactions on 08/15/2025 showing both a sale and a grant related to restricted stock units plus indirect holdings in the company retirement plan. The filing records the disposition of 3,742 shares at $243.16 per share in connection with the vesting of previously reported restricted stock units, and a grant of 2,674 restricted stock units under the company stock-based compensation plan for officers and key employees. After these transactions the reporting person directly beneficially owns 106,297.73 shares and indirectly holds 3,131.834 shares through the company 401(k) retirement plan.

Insights

Securities Analyst

TL;DR: Routine insider activity showing a net sale tied to RSU vesting and continued ownership via direct holdings and the retirement plan.

The Form 4 indicates customary transactions by an executive: a reported disposition of 3,742 shares at $243.16 that occurred upon vesting of previously granted restricted stock units, and a contemporaneous grant of 2,674 restricted stock units under the Carpenter officer compensation plan. The filing also discloses an indirect position of 3,131.834 shares held in the company retirement plan. This pattern is consistent with executive tax or liquidity management following RSU vesting while retaining substantial ownership. The disclosure is informational and does not, by itself, indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 16 reporting requirements and shows no unusual or unexplained transactions.

The report appears complete for the transactions described: it specifies the transaction date (08/15/2025), transaction code for the sale (F) tied to vesting, the number of shares disposed and granted, and the resulting beneficial ownership totals. The inclusion of the retirement plan share balance note clarifies rounding variability. From a governance perspective, the filing meets routine transparency expectations for officer trading and compensation-related equity events.

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^*

LAIN TIMOTHY

(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 and CFO

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)		3,742	D	$243.16	103,623.73	D
Common Stock	08/15/2025		A		2,674	A	(2)	106,297.73	D
Common Stock								3,131.834	I(3)	By 401K Retirement Plan

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.

3. Includes shares acquired under the Retirement Plan of Carpenter Technology Corporation. The share balance under the Retirement Plan of Carpenter Technology fluctuates due to rounding differences produced by the Plan's method of estimating shares.

	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.
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FAQ

What transactions did Timothy Lain (CRS) report on Form 4?

The report shows a disposition of 3,742 shares at $243.16 related to vested RSUs and a grant of 2,674 restricted stock units under the company plan.

When did the reported insider transactions occur for CRS?

The transactions are reported with a transaction date of 08/15/2025.

What is Timothy Lain's beneficial ownership after these transactions?

Following the reported transactions the reporting person directly beneficially owns 106,297.73 shares and indirectly holds 3,131.834 shares via the company's retirement plan.

Why were shares sold according to the Form 4 filing?

The filing states the disposition of 3,742 shares occurred in connection with the vesting of previously reported restricted stock units.

Were any derivative securities reported in this Form 4 for CRS?

No derivative securities are reported in Table II; only non-derivative common stock transactions and RSU grants are disclosed.