Thene Tony R 4

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.