Carpenter Technology (NYSE: CRS) CFO gets 1,383 RSUs, 2,407 withheld for taxes
Rhea-AI Filing Summary
CARPENTER TECHNOLOGY CORP (CRS) reported insider equity activity by SVP and CFO Timothy Lain1,383 restricted stock units under the company’s stock-based incentive compensation plan. On the same date as a vesting event for previously reported restricted stock units, 2,407 common shares were delivered or withheld at $544.59 per share for payment of exercise price or tax liability. In addition, Lain holds 3,138.321 common shares indirectly through the company’s 401(k) retirement plan, a balance that may fluctuate due to the plan’s share-estimation method.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,024 shares
Net Sell
3 txns
Insider
LAIN TIMOTHY
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2 | 1,383 | -- | -- |
| Exercise Price or Tax Liability | Common Stock F1 | 2,407 | $544.59 | $1.31M |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 115,049.73 shares (Direct);
Common Stock — 3,138.321 shares (Indirect, By 401K Retirement Plan)
Footnotes (3)
- F1. In connection with the vesting of previously reported restricted stock units.
- F2. The reporting person was granted restricted stock units under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees.
- F3. 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.
Key Figures
Shares granted (RSUs): 1,383 shares
Shares withheld/delivered for tax or exercise: 2,407 shares
Per-share value for F-code transaction: $544.59 per share
+2 more
5 metrics
Shares granted (RSUs)
1,383 shares
Restricted stock units granted to Timothy Lain under stock-based incentive plan
Shares withheld/delivered for tax or exercise
2,407 shares
Common shares delivered or withheld for payment of exercise price or tax liability
Per-share value for F-code transaction
$544.59 per share
Price applied to 2,407 common shares delivered or withheld
Indirect 401(k) holdings
3,138.321 shares
Common shares held for Timothy Lain in Retirement Plan of Carpenter Technology Corporation
Exercise-price-or-tax-liability shares
2,407 shares
Total shares in exercise-price-or-tax-liability disposition summary for this filing
Key Terms
restricted stock units, Stock-Based Incentive Compensation Plan, 401K Retirement Plan, payment of exercise price or tax liability
4 terms
restricted stock units financial
"In connection with the vesting of previously reported restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock-Based Incentive Compensation Plan financial
"granted restricted stock units under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan"
401K Retirement Plan financial
"Includes shares acquired under the Retirement Plan of Carpenter Technology Corporation."
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transactions did CRS executive Timothy Lain report on this Form 4?
Timothy Lain reported a grant of 1,383 restricted stock units and a disposition of 2,407 common shares delivered or withheld to pay exercise price or tax liability in connection with vesting of previously reported restricted stock units.
What new equity award did CRS grant to SVP and CFO Timothy Lain?
Timothy Lain received 1,383 restricted stock units granted under Carpenter Technology’s Stock-Based Incentive Compensation Plan for Officers and Key Employees, representing additional equity-based compensation rather than an open-market share purchase.
Were Timothy Lain’s CRS transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, so these reported equity transactions for Timothy Lain are not affirmed as being executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
