[Form 4] Carpenter Technology Corp Insider Trading Activity

Rhea-AI Filing Summary

Carpenter Technology Corp insider filing: Brian J. Malloy, SVP and COO, reported transactions dated 08/15/2025. The filing shows 3,443 shares disposed at $243.16 per share in connection with the vesting of previously reported restricted stock units, and 3,085 restricted stock units granted under the company stock-based incentive plan. After these transactions Malloy beneficially owned 78,857.12 shares (direct ownership). The Form 4 was signed by a POA on 08/19/2025. The filing contains explanations that the disposition was due to RSU vesting and the acquisition was an RSU grant.

Positive

• Disclosure of RSU grant under the Carpenter Technology stock-based incentive plan, indicating ongoing executive compensation aligned with shareholder interests
• Filing includes explanatory notes clarifying that the sale was due to vesting and the acquisition was an RSU grant, improving transparency

Negative

• Insider sale of 3,443 shares at $243.16 may reduce insider share concentration, though it is described as vesting-related rather than opportunistic
• No information on purpose of the sale beyond vesting (e.g., sell-to-cover vs. market sale) which limits interpretability

Insights

Financial Analyst

TL;DR: Insider sold vested shares and received new RSUs, indicating routine compensation activity rather than an unusual corporate event.

This Form 4 records a disposal of 3,443 shares at $243.16 tied to the vesting of previously reported restricted stock units and a contemporaneous grant of 3,085 new restricted stock units under the officer compensation plan. The net change increases beneficial ownership to 78,857.12 shares. The transactions appear to be standard equity compensation mechanics: vesting-triggered sell-to-cover or sale and replacement with a new grant. There are no indications in the filing of extraordinary one-off transfers, related-party transactions, or material corporate events that would alter fundamentals.

Corporate Governance Expert

TL;DR: Disclosure aligns with typical Section 16 reporting for officer compensation; documentation appears complete.

The report names Brian J. Malloy as SVP and COO and discloses both the vesting-related disposition and a grant under the Carpenter Technology stock-based incentive plan for officers and key employees. The filing includes required explanatory statements and a dated signature via power of attorney. From a governance and compliance perspective, the Form 4 provides the standard level of detail for insider compensation activity and meets disclosure expectations; it does not flag any governance anomalies.

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
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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^*

Malloy Brian J

(Last) (First) (Middle)

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 COO

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)		3,443	D	$243.16	75,772.12	D
Common Stock	08/15/2025		A		3,085	A	(2)	78,857.12	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 did Brian J. Malloy report on the Form 4 for CRS?

The Form 4 reports a disposition of 3,443 shares at $243.16 (vesting-related) and an acquisition of 3,085 restricted stock units granted under the company plan.

When did the reported transactions occur?

The transactions are dated 08/15/2025, and the Form 4 was signed by power of attorney on 08/19/2025.

How many shares does Malloy beneficially own after the transactions?

The filing reports 78,857.12 shares beneficially owned following the reported transactions.

Were the transactions related to restricted stock units (RSUs)?

Yes. The disposition resulted from the vesting of previously reported RSUs, and the acquisition was a grant of new RSUs under the Carpenter Technology officer incentive plan.

Does the Form 4 indicate any unusual related-party or non-routine transactions?

No. The filing indicates routine equity compensation activity and does not disclose any non-routine related-party transfers or material corporate events.