Carpenter Technology chair granted 68,860 shares

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.

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.

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 F1	68,860	--	--
Exercise Price or Tax Liability	Common Stock F2	29,913	$576.87	$17.26M
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 82,379 shares (Direct); Common Stock — 497,087 shares (Indirect, In Trust)

Footnotes (3)

1. F1. 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.
2. F2. In connection with the vesting of reported performance award under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.
3. F3. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Carpenter Technology (CRS) shares were withheld for Tony R. Thene’s taxes?

To cover tax obligations, 29,913 shares of Carpenter Technology common stock were withheld at $576.8700 per share. This F-code transaction reflects a tax-withholding disposition, not an open-market sale of shares by Thene.

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.

How is the Thene Revocable Living Trust related to Carpenter Technology (CRS) share ownership?

An indirect holding of 497,087 Carpenter Technology shares is reported as held in the Thene Revocable Living Trust dated September 17, 2010, with Tony R. Thene or Holly Thene serving as trustees.

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

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Accepted by SEC EDGAR 07/16/2026 - 04:52 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^*

Thene Tony R

(Last) (First) (Middle)

CARPENTER TECHNOLOGY CORPORATION

1735 MARKET STREET, 15TH FL

(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
X	Officer (give title below)		Other (specify below)
	Executive Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2026

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	07/14/2026		A		68,860	A	(1)	112,292	D
Common Stock	07/14/2026		F(2)		29,913	D	$576.87	82,379	D
Common Stock								497,087	I(3)	In Trust

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. 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.

2. In connection with the vesting of reported performance award under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.

3. These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees

	James D. Dee/POA	07/16/2026
	** 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)