Carpenter Tech director exercises, sells 3,275 shares

Available on EDGAR 09/09/2026 - 04:42 PM EDT Accepted by SEC EDGAR 09/09/2026 - 04:42 PM EDT Learn about SEC filing dates

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.

Insider Trade Summary

Exercise and Sale: 3,275 shares ($1.42M approx. pre-tax spread)

Exercise and Sale 3 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

Share of Position Sold 1.8%

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)

Holdings Before and After: Director Stock Option (Right to Buy), 3,275 to 0 contracts (Direct); Common Stock, 177,000 to 177,000 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

1. 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.
2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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 were the sale prices for the CRS shares sold by Steven E. Karol?

The reported sale price is a weighted average of $474.08 per share for 3,275 shares, with individual trades executed at prices ranging from a low of $474.00 per share to a high of $474.17 per share.

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.

How many CRS shares do affiliates of Steven E. Karol hold after these transactions?

Following the reported transactions, affiliates of Steven E. Karol hold 223,381 shares of Carpenter Technology common stock indirectly. This position is reported as indirectly owned and described as held by affiliates of the reporting person.

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.

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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
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^*

KAROL STEVEN E

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/04/2026		M		3,275	A	$39.79	180,275	D
Common Stock	09/04/2026		S		3,275	D	$474.0817(1)	177,000	D
Common Stock								223,381	I	Held by Affiliates of Reporting Person

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
Director Stock Option (Right to Buy)	$39.79	09/04/2026		M			3,275	10/11/2017	10/11/2026	Common Stock	3,275	(2)	0	D

Explanation of Responses:

1. 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.

2. The reporting person was granted an option to purchase stock under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors.

	James D. Dee/POA	09/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)