[Form 4] CARPENTER TECHNOLOGY CORP Insider Trading Activity

Rhea-AI Filing Summary

Carpenter Technology Corporation (CRS) reporting person Charles D. McLane Jr. was granted 101.82 restricted stock units on 09/30/2025 under the company’s Stock-Based Compensation Plan for Non-Employee Directors. Each unit converts to one share on a 1-for-1 basis and the award is payable upon the later of separation of service or a specified date or event. The reported transaction lists a price of $245.54 and shows 24,448.29 shares beneficially owned by the reporting person after the transaction; the total includes dividend equivalents not previously reported. The Form 4 was filed individually by the reporting person and signed via power of attorney on 10/02/2025.

Positive

• 101.82 restricted stock units were granted to the director on 09/30/2025
• Award converts 1-for-1 into common stock and includes dividend equivalents
• Reporting shows 24,448.29 shares beneficially owned after the grant

Negative

• None.

Insights

Corporate Governance Analyst

Director received restricted stock units, increasing reported beneficial ownership.

The Form 4 documents a non-employee director compensation event: a grant of 101.82 restricted stock units granted under the Carpenter Technology non-employee director plan on 09/30/2025. The units convert 1-for-1 to common shares and are payable upon separation or a specified date/event, which is explicitly stated in the filing.

The filing reports 24,448.29 shares beneficially owned following the transaction and notes inclusion of dividend equivalents. This is a routine, disclosed director equity grant rather than a sale or purchase of open-market shares; the report was executed by power of attorney on 10/02/2025.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MCLANE CHARLES DOUGLAS JR

(Last) (First) (Middle)

C/O 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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 Units	(1)	09/30/2025		A		101.82(2)		(3)	(3)	Common Stock	101.82	$245.54	24,448.29(4)	D

Explanation of Responses:

1. Converts to common stock on a 1-for-1 basis

2. The reporting person was granted restricted stock units under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.

3. Payable upon the later of separation of service or a specified date or event.

4. Includes dividend equivalents not previously reported.

	James D. Dee/POA	10/02/2025
	** 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 the Form 4 filed for Carpenter Technology (CRS) report?

The Form 4 reports a grant of 101.82 restricted stock units to director Charles D. McLane Jr. on 09/30/2025 and beneficial ownership of 24,448.29 shares following the transaction.

When are the restricted stock units payable?

The units are payable upon the later of separation of service or a specified date or event, as stated in the filing.

Under what plan were the RSUs granted?

They were granted under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.

Does the reported beneficial ownership include dividend equivalents?

Yes. The filing explicitly states the 24,448.29 shares include dividend equivalents not previously reported.

Who signed the Form 4 and when was it dated?

The Form 4 was signed by James D. Dee as power of attorney and dated 10/02/2025.