Carpenter Technology Corp SEC Filings

Carpenter Technology Corp insider filing: Brian J. Malloy, SVP and COO, reported transactions dated 08/15/2025. The filing shows 3,443 shares disposed at $243.16 per share in connection with the vesting of previously reported restricted stock units, and 3,085 restricted stock units granted under the company stock-based incentive plan. After these transactions Malloy beneficially owned 78,857.12 shares (direct ownership). The Form 4 was signed by a POA on 08/19/2025. The filing contains explanations that the disposition was due to RSU vesting and the acquisition was an RSU grant.

Carpenter Technology Corporation (CRS) reporting person Marshall D. Akins, VP and Chief Communications Officer, reported insider transactions on 08/15/2025 related to restricted stock units (RSUs). The filing shows 2,264 shares disposed at an average price of $243.16 (proceeds from a sale) in connection with the vesting of previously reported RSUs, and 2,057 shares acquired as new RSU grants under the company’s officer and key employee stock-based incentive plan. After these transactions the reporting person beneficially owned 30,803.77 shares.

The form is a standard Section 16 disclosure documenting the mechanics of RSU vesting and grant activity rather than a cash-only open-market purchase. The report was signed by a POA on 08/19/2025 and includes an explicit explanation that the disposal resulted from vesting and the acquisition represents newly granted RSUs.

Tony R. Thene, President & CEO and Director of Carpenter Technology Corporation (CRS), reported multiple security transactions in August 2025. On 08/15/2025 14,252 shares were disposed in connection with the vesting of previously reported restricted stock units at $243.16 per share, and 16,965 restricted stock units were granted (these were recorded as an acquisition on that date). After those transactions the filing shows 554,019 shares beneficially owned on 08/15/2025. On 08/18/2025 the report lists two sell transactions totaling 19,000 shares sold (13,148 at an average price $244.7137 and 5,852 at an average price $245.6156), resulting in reported beneficial ownership levels shown as 540,871 and 535,019 shares on the form. The filing also discloses 5,500 shares held indirectly in the Thene Revocable Living Trust.

The form notes the 16,965 units were granted under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees, and that the sales prices for 08/18/2025 are daily averages with specified intra-day ranges. The filing is signed by James D. Dee/POA on 08/19/2025.

James D. Dee, Senior Vice President, General Counsel & Secretary of Carpenter Technology Corporation (CRS), reported changes in beneficial ownership on Form 4 related to equity compensation on 08/15/2025. The filing shows 2,614 shares disposed at a price of $243.16 and 1,646 shares acquired as restricted stock units (RSUs). After the transactions, Mr. Dee beneficially owns 89,528.06 shares, up from 87,882.06 shares immediately following the disposition. The filing explains the disposition resulted from the vesting of previously reported RSUs and the acquisition reflects a grant under the company’s stock-based incentive plan for officers and key employees.

Elizabeth A. Socci, Vice President, Controller & Chief Accounting Officer of Carpenter Technology Corporation, reported transactions dated 08/15/2025. The filing shows 572 shares were disposed at a price of $243.16 in connection with the vesting of previously reported restricted stock units, and the reporting person was also granted 360 restricted stock units under the companys officer stock-based incentive plan. Following the reported transactions the reporting person beneficially owned 13,494 shares (direct). The form is signed by a power of attorney on 08/19/2025.

Carpenter Technology Corp (CRS) insider has filed a Form 144 to notify a proposed sale of 19,000 common shares through Morgan Stanley Smith Barney LLC, with an approximate sale date of 08/18/2025. The filing shows the shares were acquired as performance shares on 06/30/2025 and the aggregate market value of the shares at filing is reported as $4,654,836.60. The issuer's outstanding common shares are listed as 49,850,095, and no other sales by this person in the past three months are reported. The form includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Insider notice of proposed sale under Rule 144. The filing shows a holder plans to sell 5,691 shares of common stock of Carpenter Technology Corp (CRS) through Morgan Stanley Smith Barney LLC on 08/18/2025, with an aggregate market value reported as $1,391,704.00. The shares were acquired the same day, 08/18/2025, via a stock option exercise and paid for in cash. The filing reports 49,850,095 shares outstanding for the issuer. No other sales in the past three months were reported and the filer affirms no undisclosed material adverse information.

Carpenter Technology Corporation announced board and senior management changes effective immediately prior to its 2025 Annual Meeting. I. Martin Inglis, who served on the Board for 22 years, informed the Company he will retire and will not stand for re-election at the 2025 Annual Meeting, which is currently expected to be held on October 7, 2025. The Board appointed Tony R. Thene, the Company’s President and Chief Executive Officer, to serve as Chairman of the Board and named Steven M. Ward as Lead Independent Director.

The Board also promoted Brian J. Malloy, formerly Senior Vice President and Chief Operating Officer, to President and Chief Operating Officer. The filing states Mr. Malloy has no family relationships with directors or executive officers, no arrangements related to his selection, and no material interests in transactions requiring disclosure under Item 404.

Carpenter Technology Corporation is a specialty alloys manufacturer organized into two segments (SAO and PEP) that reported record fiscal 2025 results. Net sales were $2,877.1 million and net income was $376.0 million, or $7.42 diluted EPS. Operating income was $521.8 million (adjusted operating income $525.4 million), driven by stronger pricing, product mix and productivity gains, particularly in the Aerospace and Defense end-use market which represented $1,768.6 million of sales (62%). The SAO segment generated $588.6 million of operating income with a 23.0% operating margin (28.6% excluding surcharge revenue).

Cash from operations was $440.4 million with adjusted free cash flow of $287.5 million. The company repurchased 575,000 shares for $101.9 million in fiscal 2025 and has a $400 million repurchase authorization with $298.1 million available at June 30, 2025. Notable disclosures include inventory accounting under LIFO (FIFO would increase inventory by $344.5 million), environmental remediation accrual practices, a workforce of ~4,500, R&D of $26.1 million, and an expiring collective bargaining agreement at Dynamet on August 31, 2025 with negotiations in process.