Carpenter Technology (NYSE: CRS) chair gets 68,860-share award, 29,913 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carpenter Technology executive chairman Tony R. Thene had performance-based restricted stock units vest on July 14, 2026, from a grant effective August 15, 2023 with a performance period ending June 30, 2026. He acquired 68,860 common shares, with 29,913 shares withheld at $576.8700 per share to satisfy tax obligations rather than through an open-market sale. After these transactions he holds 82,379 shares directly and 497,087 shares indirectly through the Thene Revocable Living Trust.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Thene Tony R
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 68,860 | -- | -- |
| Tax Withholding | Common Stock | 29,913 | $576.87 | $17.26M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 112,292 shares (Direct);
Common Stock — 497,087 shares (Indirect, In Trust)
Footnotes (1)
- The reporting person was granted a performance-based restricted stock unit award with an effective grant date of August 15, 2023, and performance period ending June 30, 2026. The financial results were confirmed and approved on July 14, 2026, by the Audit/Finance Committee of Carpenter's Board of Directors and, on July 14, 2026, the Human Capital Management Committee of Carpenter's Board of Directors certified the achievement of the performance targets based on the approved financial results. In connection with the vesting of reported performance award under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees. These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees
Key Figures
Performance-based RSU shares vested: 68,860 shares
Shares withheld for taxes: 29,913 shares
Tax withholding price: $576.8700 per share
+3 more
6 metrics
Performance-based RSU shares vested
68,860 shares
Common shares acquired upon vesting of a performance-based restricted stock unit award
Shares withheld for taxes
29,913 shares
Tax-withholding disposition on July 14, 2026
Tax withholding price
$576.8700 per share
Price applied in the F-code tax-withholding disposition
Direct holdings after transactions
82,379 shares
Common stock held directly by Tony R. Thene after July 14, 2026
Indirect holdings in trust
497,087 shares
Common stock held indirectly in the Thene Revocable Living Trust
Direct holdings after grant before withholding
112,292 shares
Total direct shares reported following the grant/award acquisition entry
Key Terms
performance-based restricted stock unit award, vesting, Stock-Based Compensation Plan for Officers and Key Employees, tax-withholding disposition
4 terms
performance-based restricted stock unit award financial
"The reporting person was granted a performance-based restricted stock unit award..."
A performance-based restricted stock unit award is a promise to give company shares to an employee or executive only if the business hits specific targets over a set period. Think of it as a conditional prize that vests like a savings plan: if agreed goals (such as revenue, profit, or stock performance) are met, the recipient receives the shares; if not, they get nothing. Investors pay attention because these awards align management incentives with company results and can affect share count, future earnings and executive behavior.
vesting financial
"In connection with the vesting of reported performance award..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Stock-Based Compensation Plan for Officers and Key Employees financial
"under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition of common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What equity award did Carpenter Technology (CRS) executive chairman Tony R. Thene receive?
Tony R. Thene received 68,860 Carpenter Technology common shares upon vesting of a performance-based restricted stock unit award granted effective August 15, 2023, with a performance period running through June 30, 2026 and certified complete on July 14, 2026.
What are Tony R. Thene’s direct and indirect Carpenter Technology (CRS) holdings after these transactions?
Following the July 14, 2026 transactions, Tony R. Thene holds 82,379 shares directly and 497,087 shares indirectly. The indirect holdings are in the Thene Revocable Living Trust, for which Tony R. Thene or Holly Thene serve as trustees.
Were performance targets for Tony R. Thene’s Carpenter Technology (CRS) award achieved?
Yes. On July 14, 2026, Carpenter Technology’s Audit/Finance Committee confirmed financial results, and the Human Capital Management Committee certified achievement of the performance targets for Thene’s performance-based restricted stock unit award.
Who approved the financial results tied to Tony R. Thene’s Carpenter Technology (CRS) performance award?
The Audit/Finance Committee of Carpenter Technology’s Board of Directors confirmed the financial results on July 14, 2026, and the Human Capital Management Committee certified that the performance targets for the award were achieved.