Carpenter Tech director exercises, sells 3,275 shares
Rhea-AI Filing Summary
CARPENTER TECHNOLOGY CORP (CRS) director Steven E. Karol exercised options for 3,275 shares of common stock on September 4, 2026 at an exercise price of $39.79 per share, then sold the same 3,275 shares in an open-market transaction at an average price of $474.08 per share, with individual sale prices ranging from $474.00 to $474.17 per share. The exercised option, granted under the company’s Stock Based Compensation Plan for Non-Employee Directors and expiring October 11, 2026, now has 0 options remaining, while 223,381 shares of common stock continue to be held indirectly by affiliates of the reporting person. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 3,275 shares ($1.42M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
KAROL STEVEN E
Role
Director
Sold
3,275 shs ($1.55M)
Approx. gross sale proceeds
$1.55M
Approx. exercise cost
$130K
Approx. pre-tax spread
$1.42M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) F2 | 3,275 | -- | -- |
| Exercise | Common Stock | 3,275 | $39.79 | $130K |
| Sale | Common Stock F1 | 3,275 | $474.0817 | $1.55M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 177,000 shares (Direct);
Common Stock — 223,381 shares (Indirect, Held by Affiliates of Reporting Person)
Footnotes (2)
- F1. The price reported is an average of the total transactions executed for the day, with the individual transactions ranging from a low of $474.00 per share to a high of $474.17 per share.
- F2. The reporting person was granted an option to purchase stock under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors.
Key Figures
Shares exercised: 3,275 shares
Exercise price: $39.79 per share
Shares sold: 3,275 shares
+3 more
6 metrics
Shares exercised
3,275 shares
Director stock option exercise on September 4, 2026
Exercise price
$39.79 per share
Director stock option for 3,275 CRS shares
Shares sold
3,275 shares
Open-market sale on September 4, 2026
Average sale price
$474.08 per share
Weighted-average sale price; trades ranged from $474.00 to $474.17
Indirect holdings after transaction
223,381 shares
Common stock held indirectly by affiliates of the reporting person
Option expiration date
October 11, 2026
Expiration of the Director Stock Option that was exercised
Key Terms
Director Stock Option, Stock Based Compensation Plan for Non-Employee Directors, open-market transaction, indirect ownership
4 terms
Director Stock Option financial
"The reporting person was granted an option to purchase stock under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors."
Stock Based Compensation Plan for Non-Employee Directors financial
"The reporting person was granted an option to purchase stock under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors."
open-market transaction financial
"Sale in open market or private transaction"
An open-market transaction is a buy or sell of a company's shares or other securities conducted on a public exchange at the current market price, rather than through a private agreement. Investors watch these trades because they change the number of shares available and can move the price immediately—similar to how a large purchase at a busy store can raise demand and affect the checkout price—so such activity can signal market sentiment and alter ownership stakes.
indirect ownership financial
"Held by Affiliates of Reporting Person"
FAQ
What transactions did CRS director Steven E. Karol report on this Form 4?
Steven E. Karol reported exercising options for 3,275 shares of Carpenter Technology common stock at $39.79 per share on September 4, 2026 and selling the resulting 3,275 shares in an open-market transaction at an average price of $474.08 per share that same day.
What option did Steven E. Karol exercise in Carpenter Technology (CRS)?
He exercised a Director Stock Option for 3,275 shares of CRS common stock at an exercise price of $39.79 per share. The option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors and had an expiration date of October 11, 2026.
Were Steven E. Karol’s CRS trades under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
Does Steven E. Karol retain any of the specific options exercised on CRS stock?
No. After exercising the Director Stock Option for 3,275 shares at $39.79 per share, the reported remaining balance for that option is 0 options. The resulting shares were then sold in full on the same date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
