Carpenter Technology Corp: director Ward Jr Stephen M exercised 3,275 shares

What happened

• Ward Jr Stephen M, director, exercised options to acquire 3,275 shares on Oct 9, 2026 at an exercise price of $39.79 per share for a reported value of $130,312.
• The filing shows 338 shares were disposed on Oct 9, 2026 to satisfy payment of exercise price or tax liability at $385.81 per share for $130,404.
• The filing also reports an exercise or conversion of a derivative for 3,275 shares (listed as disposed, derivative detail N/A).

Key details

• Transaction dates and prices: Oct 9, 2026 — exercised 3,275 shares at $39.79 (value $130,312); Oct 9, 2026 — 338 shares withheld/disposed at $385.81 (value $130,404).
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 states automatic exercise completed on the last business day before expiration pursuant to the award agreement; F2 notes the option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors.
• Filing date and timeliness: Form 4 filed Oct 14, 2026 reporting the Oct 9, 2026 transactions; the filing is not marked late.

Why it may matter

• The filing shows an options exercise and that shares were withheld to satisfy tax liabilities, indicating a net settlement element rather than a separate open-market sale of all acquired shares.
• For derivative transactions the filing simply reports exercised options or conversions.
• This filing does not show why the insider traded or why the company acted.