Carpenter Tech (NYSE: CRS) director sells after 438-share option exercise

Rhea-AI Filing Summary

CARPENTER TECHNOLOGY CORP (CRS) director Ramin Younessi reported an option exercise and same-day sale of common stock. He exercised a Director Stock Option covering 438 shares of common stock at an exercise price of $161.38 per share under the company’s Stock Based Compensation Plan for Non-Employee Directors, leaving 0 option shares reported as remaining. The resulting 438 common shares were then sold at an average price of $493.153 per share, with individual trades ranging from $492.60 to $493.19. The filing indicates these trades were not reported as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Exercise and Sale: 438 shares ($145K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Younessi Ramin

Role Director

Sold 438 shs ($216K)

Approx. gross sale proceeds $216K

Approx. exercise cost $71K

Approx. pre-tax spread $145K

Type	Security	Shares	Price	Value
Exercise	Director Stock Option (Right to Buy) F3	438	--	--
Exercise	Common Stock F1	438	$161.38	$71K
Sale	Common Stock F2, F1	438	$493.153	$216K

Holdings After Transaction: Director Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 1,953.46 shares (Direct)

Footnotes (3)

1. F1. Includes dividend equivalents not previously reported.
2. F2. The price reported is an average of the total transactions executed for the day, with the individual transactions ranging from a low of $492.6 per share to a high of $493.19 per share.
3. F3. 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

Option exercise shares: 438 shares Option exercise price: $161.38 per share Common shares sold: 438 shares +4 more

7 metrics

Option exercise shares 438 shares Director Stock Option (Right to Buy) exercised into common stock on August 21, 2026

Option exercise price $161.38 per share Exercise price of Director Stock Option underlying 438 common shares

Common shares sold 438 shares Common stock sold on August 21, 2026 following option exercise

Average sale price $493.153 per share Weighted-average price for 438 common shares sold; individual trades from $492.60 to $493.19

Option expiration date October 8, 2034 Expiration date of the Director Stock Option that was exercised

Derivative shares remaining after exercise 0 shares Total shares following transaction for the reported Director Stock Option position

Net shares sold (buy-sell) 438 shares transactionSummary reports netBuySellShares of -438, indicating a net-sell of 438 shares

Key Terms

Director Stock Option (Right to Buy), Stock Based Compensation Plan for Non-Employee Directors, dividend equivalents, Exercise or conversion of derivative security

4 terms

Director Stock Option (Right to Buy) financial

"security_title is listed as Director Stock Option (Right to Buy)"

Stock Based Compensation Plan for Non-Employee Directors financial

"option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan"

dividend equivalents financial

"Includes dividend equivalents not previously reported."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Exercise or conversion of derivative security financial

"transaction_code_description is Exercise or conversion of derivative security"

FAQ

What insider transactions did CRS director Ramin Younessi report in this Form 4?

Ramin Younessi reported exercising a Director Stock Option for 438 shares of Carpenter Technology common stock at $161.38 per share and then selling 438 shares of common stock at an average price of $493.153 per share on August 21, 2026.

How many CRS shares did Ramin Younessi sell and at what price?

He sold 438 shares of Carpenter Technology common stock at an average price of $493.153 per share. A footnote states the individual sale prices ranged from a low of $492.60 per share to a high of $493.19 per share.

What option did Ramin Younessi exercise in the CRS Form 4 filing?

He exercised a Director Stock Option (Right to Buy) for 438 underlying common shares at an exercise price of $161.38 per share. The option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors and now shows 0 shares remaining.

Were Ramin Younessi’s CRS transactions made under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so these transactions are not reported as being pursuant to a Rule 10b5-1 trading plan. No footnote describes any pre-arranged trading plan for these trades.

Does the CRS Form 4 mention dividend equivalents for Ramin Younessi?

Yes. A footnote states that the reporting person’s holdings include dividend equivalents not previously reported. This note qualifies the reported common stock position but does not change the 438-share amount involved in the August 21, 2026 transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 05:08 PM Accepted by SEC EDGAR 08/25/2026 - 05:07 PM Learn about SEC filing dates

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^*

Younessi Ramin

(Last) (First) (Middle)

C/O CARPENTER TECHNOLOGY CORPORATION

1735 MARKET STREET, 15TH FLOOR

(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)
08/21/2026

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	08/21/2026		M		438	A	$161.38	2,391.46(1)	D
Common Stock	08/21/2026		S		438	D	$493.153(2)	1,953.46(1)	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
Director Stock Option (Right to Buy)	$161.38	08/21/2026		M			438	10/08/2025	10/08/2034	Common Stock	438	(3)	0	D

Explanation of Responses:

1. Includes dividend equivalents not previously reported.

2. The price reported is an average of the total transactions executed for the day, with the individual transactions ranging from a low of $492.6 per share to a high of $493.19 per share.

3. 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	08/25/2026
	** 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)