Thene Tony R 4
4 · CARPENTER TECHNOLOGY CORP · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Carpenter Technology (CRS) Exec Chairman Tony Thene Receives Award
What Happened
Tony R. Thene, Executive Chairman and Director of Carpenter Technology Corporation (CRS), had 68,860 performance-based restricted stock units (RSUs vest) on July 14, 2026. To satisfy tax withholding obligations, 29,913 of the vested shares were withheld/disposed at an indicated share value of $576.87, representing approximately $17,255,912.
Key Details
- Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (appears timely).
- Award: 68,860 performance-based RSUs vested (grant originally effective Aug 15, 2023; performance period ended June 30, 2026).
- Tax withholding/disposition: 29,913 shares withheld at $576.87 per share = $17,255,912.
- Holding vehicle: Some shares are held in the Thene Revocable Living Trust dated Sept 17, 2010 (Tony R. Thene or Holly Thene, Trustees).
- Filing notes: Vesting was certified by Carpenter’s committees on July 14, 2026; the report indicates this was a vesting/award event with tax withholding (transaction code F), not an open-market sale.
- Shares owned after transaction: not specified in the filing.
Context
This was a performance-based RSU vesting event (award/acquisition) rather than a discretionary purchase or open-market sale. The withholding of nearly 30,000 shares to cover taxes is a common post-vesting cashless mechanism and does not by itself indicate the insider is selling shares for other reasons. The award was granted under Carpenter’s stock-based compensation plan for officers and key employees and was certified after the company’s financial results were approved.
Insider Transaction Report
- Award
Common Stock
[F1]2026-07-14+68,860→ 112,292 total - Tax Payment
Common Stock
[F2]2026-07-14$576.87/sh−29,913$17,255,912→ 82,379 total
- 497,087(indirect: By Trust)
Common Stock
[F3]
Footnotes (3)
- [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.
- [F2]In connection with the vesting of reported performance award under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.
- [F3]These shares are held in the Thene Revocable Living Trust dated September 17, 2010, Tony R. Thene or Holly Thene, Trustees