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Carpenter Technology (NYSE: CRS) insider sells 109K shares in 21 trades

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

CARPENTER TECHNOLOGY CORP (CRS) reported that Chairman, President and CEO Tony R. Thene filed a Form 4 disclosing open-market sales of a total of 109,283 shares of common stock on August 25, 2026. The 21 sale transactions were executed in multiple tranches at prices generally between about $479 and $489 per share, from both directly held shares and shares held in the Thene Revocable Living Trust. A footnote states the transactions were undertaken for estate planning, tax planning, and financial diversification purposes.

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Insights

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Insider Thene Tony R
Role Chairman, President and CEO
Sold 109,283 shs ($52.88M)
Type Security Shares Price Value
Sale Common Stock F1, F2 429 $489.332 $210K
Sale Common Stock F1, F3 2,251 $488.669 $1.10M
Sale Common Stock F1, F4 2,252 $487.213 $1.10M
Sale Common Stock F1, F5 6,126 $486.346 $2.98M
Sale Common Stock F1, F6 7,864 $485.171 $3.82M
Sale Common Stock F1, F7 7,053 $484.349 $3.42M
Sale Common Stock F1, F8 5,818 $483.265 $2.81M
Sale Common Stock F1, F9 8,372 $482.273 $4.04M
Sale Common Stock F1, F10 4,622 $481.303 $2.22M
Sale Common Stock F1, F11 6,320 $480.336 $3.04M
Sale Common Stock F1, F12 720 $479.492 $345K
Sale Common Stock F1, F13, F14 2,095 $488.74 $1.02M
Sale Common Stock F1, F15, F14 2,370 $487.852 $1.16M
Sale Common Stock F1, F16, F14 1,995 $486.594 $971K
Sale Common Stock F1, F17, F14 10,004 $485.707 $4.86M
Sale Common Stock F1, F18, F14 11,899 $484.613 $5.77M
Sale Common Stock F1, F19, F14 8,071 $483.605 $3.90M
Sale Common Stock F1, F20, F14 8,383 $482.575 $4.05M
Sale Common Stock F1, F21, F14 5,800 $481.611 $2.79M
Sale Common Stock F1, F22, F14 4,949 $480.457 $2.38M
Sale Common Stock F1, F23, F14 1,890 $479.888 $907K
Holdings After Transaction: Common Stock — 27,066 shares (Direct); Common Stock — 439,631 shares (Indirect, In Trust)
Footnotes (23)
  1. F1. The transactions reported in this line were undertaken by the Reporting Person for estate planning, tax planning, and financial diversification purposes.
  2. F2. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.980 per share to a high of $489.980 per share.
  3. F3. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.970 per share to a high of $488.960 per share.
  4. F4. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.840 per share to a high of $487.840 per share.
  5. F5. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.880 per share to a high of $486.820 per share.
  6. F6. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.800 per share to a high of $485.800 per share.
  7. F7. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.845 per share to a high of $484.795 per share.
  8. F8. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.760 per share to a high of $483.760 per share.
  9. F9. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.740 per share to a high of $482.740 per share.
  10. F10. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.710 per share to a high of $481.710 per share.
  11. F11. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.710 per share to a high of $480.700 per share.
  12. F12. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.330 per share to a high of $479.590 per share.
  13. F13. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.290 per share to a high of $489.260 per share.
  14. F14. These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees.
  15. F15. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.240 per share to a high of $488.240 per share.
  16. F16. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.160 per share to a high of $487.160 per share.
  17. F17. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.150 per share to a high of $486.130 per share.
  18. F18. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.125 per share to a high of $485.125 per share.
  19. F19. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.115 per share to a high of $484.115 per share.
  20. F20. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.130 per share to a high of $483.110 per share.
  21. F21. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.060 per share to a high of $482.060 per share.
  22. F22. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.045 per share to a high of $481.045 per share.
  23. F23. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.430 per share to a high of $480.020 per share.
Shares sold 109,283 shares of common stock Total net shares sold by Tony R. Thene on August 25, 2026 across 21 transactions
Number of sale transactions 21 transactions Total sale transactions of Carpenter Technology Corp common stock reported in this Form 4
Representative sale price (direct holding) $489.332 per share One tranche of 429 shares of Carpenter Technology Corp common stock sold on August 25, 2026
Representative sale price range (example footnote) From $488.980 to $489.980 per share Price range for trades underlying one weighted-average price, as described in footnote F2
Representative sale price (indirect trust holding) $488.740 per share One tranche of 2,095 shares held in trust sold on August 25, 2026
Rule 10b5-1 checkbox Unchecked (false) Affirmation box for transactions pursuant to a Rule 10b5-1 trading arrangement was not checked
Form 4 regulatory
"reported that Chairman, President and CEO Tony R. Thene filed a Form 4 disclosing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
indirect financial
"Several of the reported CRS sales involved shares held indirectly “In Trust”"
Revocable Living Trust financial
"These shares are held in the Thene Revocable Living Trust dated September 17, 2010"
weighted-average price financial
"The price reported is an average of the total transactions executed for the day"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
estate planning financial
"undertaken by the Reporting Person for estate planning, tax planning, and financial diversification"
A set of instructions and legal steps that decide who gets your money, property and other assets, and who will manage them if you become unable to do so. For investors it matters because thoughtful planning can reduce taxes and delays, protect heirs, and keep investments from being tied up in court—think of it as a clear map and emergency kit that preserves value and directs where assets go when you can’t.

FAQ

What insider transaction did CRS report for Tony R. Thene?

Carpenter Technology Corp (CRS) reported that Tony R. Thene executed 21 open-market sales of common stock on August 25, 2026, totaling 109,283 shares, from both directly held shares and shares held in a revocable living trust.

How many CRS shares did Tony R. Thene sell and on what date?

Tony R. Thene reported selling a total of 109,283 shares of Carpenter Technology Corp (CRS) common stock on August 25, 2026, across 21 separate sale transactions.

What price range did Tony R. Thene receive for the CRS share sales?

The reported per-share prices for Tony R. Thene’s CRS sales on August 25, 2026 were weighted-average figures for groups of trades, with individual trades in those groups ranging from lows around $479 per share to highs around $490 per share, according to the footnotes.

Were any of Tony R. Thene’s CRS sales made through a trust?

Yes. Several of the reported CRS sales involved shares held indirectly “In Trust” in the Thene Revocable Living Trust dated September 17, 2010, for which Tony R. Thene or Holly Thene serve as trustees, as described in the footnotes.

Did Carpenter Technology indicate a reason for Tony R. Thene’s CRS share sales?

A footnote to the Form 4 states that the reported transactions were undertaken by the reporting person for estate planning, tax planning, and financial diversification purposes. No additional reasons are described in the filing.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Thene Tony R

(Last)(First)(Middle)
CARPENTER TECHNOLOGY CORPORATION
1735 MARKET STREET, 15TH FL

(Street)
PHILADELPHIA PENNSYLVANIA 19103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CARPENTER TECHNOLOGY CORP [ CRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/25/2026S(1)429D$489.332(2)78,464D
Common Stock08/25/2026S(1)2,251D$488.669(3)76,213D
Common Stock08/25/2026S(1)2,252D$487.213(4)73,961D
Common Stock08/25/2026S(1)6,126D$486.346(5)67,835D
Common Stock08/25/2026S(1)7,864D$485.171(6)59,971D
Common Stock08/25/2026S(1)7,053D$484.349(7)52,918D
Common Stock08/25/2026S(1)5,818D$483.265(8)47,100D
Common Stock08/25/2026S(1)8,372D$482.273(9)38,728D
Common Stock08/25/2026S(1)4,622D$481.303(10)34,106D
Common Stock08/25/2026S(1)6,320D$480.336(11)27,786D
Common Stock08/25/2026S(1)720D$479.492(12)27,066D
Common Stock08/25/2026S(1)2,095D$488.74(13)494,992I(14)In Trust
Common Stock08/25/2026S(1)2,370D$487.852(15)492,622I(14)In Trust
Common Stock08/25/2026S(1)1,995D$486.594(16)490,627I(14)In Trust
Common Stock08/25/2026S(1)10,004D$485.707(17)480,623I(14)In Trust
Common Stock08/25/2026S(1)11,899D$484.613(18)468,724I(14)In Trust
Common Stock08/25/2026S(1)8,071D$483.605(19)460,653I(14)In Trust
Common Stock08/25/2026S(1)8,383D$482.575(20)452,270I(14)In Trust
Common Stock08/25/2026S(1)5,800D$481.611(21)446,470I(14)In Trust
Common Stock08/25/2026S(1)4,949D$480.457(22)441,521I(14)In Trust
Common Stock08/25/2026S(1)1,890D$479.888(23)439,631I(14)In Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transactions reported in this line were undertaken by the Reporting Person for estate planning, tax planning, and financial diversification purposes.
2. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.980 per share to a high of $489.980 per share.
3. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.970 per share to a high of $488.960 per share.
4. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.840 per share to a high of $487.840 per share.
5. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.880 per share to a high of $486.820 per share.
6. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.800 per share to a high of $485.800 per share.
7. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.845 per share to a high of $484.795 per share.
8. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.760 per share to a high of $483.760 per share.
9. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.740 per share to a high of $482.740 per share.
10. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.710 per share to a high of $481.710 per share.
11. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.710 per share to a high of $480.700 per share.
12. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.330 per share to a high of $479.590 per share.
13. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $488.290 per share to a high of $489.260 per share.
14. These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees.
15. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $487.240 per share to a high of $488.240 per share.
16. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $486.160 per share to a high of $487.160 per share.
17. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $485.150 per share to a high of $486.130 per share.
18. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $484.125 per share to a high of $485.125 per share.
19. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $483.115 per share to a high of $484.115 per share.
20. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $482.130 per share to a high of $483.110 per share.
21. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $481.060 per share to a high of $482.060 per share.
22. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $480.045 per share to a high of $481.045 per share.
23. The price reported is an average of the total transactions executed for the day with individual transactions ranging from a low of $479.430 per share to a high of $480.020 per share.
James D. Dee/POA08/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)