Carpenter (CRS) SVP James D. Dee Receives Award, Sells Shares

What Happened

• James D. Dee, Senior Vice President, General Counsel & Secretary of Carpenter Technology (CRS), had 12,052 performance-based restricted stock units vest on July 14, 2026. As part of the vesting, 5,534 shares were tendered/withheld to satisfy the tax obligation, with a reported value of $576.87 per share for a total of $3,192,399.
• The award was performance-based and tied to a performance period ending June 30, 2026; the company’s Audit/Finance and Human Capital Management Committees confirmed results and certified achievement on July 14, 2026.

Key Details

• Transaction dates: July 14, 2026 (vesting/award and tax withholding); Form 4 filed July 16, 2026 (timely).
• Award: 12,052 shares granted/vested (code A). Price N/A for award.
• Tax withholding/disposition: 5,534 shares withheld/disposed (code F) at $576.87 per share, totaling $3,192,399.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1—award was performance-based with certification on 7/14/2026; F2—some shares may include those acquired via the company’s Dividend Reinvestment Program; F3—transaction occurred in connection with vesting under the company’s stock-based plan.
• Filing timeliness: Filed within two days of the transaction date (not marked late).

Context

• This was a vesting of performance RSUs, not an open-market sale. The 5,534-share disposition was a tax-withholding/payment—common when equity awards vest—and does not necessarily indicate a change in the insider’s market view.
• For retail investors, purchases or net buys are often a stronger bullish signal than routine withholding sales tied to compensation vesting.