Dickstein Adam J. 4
Research Summary
AI-generated summary
Crown Holdings (CCK) SVP Adam Dickstein Receives Award, Sells Shares
What Happened
Adam J. Dickstein, SVP, General Counsel & Secretary of Crown Holdings (CCK), had 952 performance-based restricted shares vest on Feb 26, 2026 (recorded as an acquisition at $0). In connection with that vesting, 2,485 shares were transferred to the company to satisfy tax withholding obligations; those shares are reported as a disposition at $115.36 per share, totaling $286,670. The vested performance shares were part of an award originally granted Jan 6, 2023 tied to ROIC performance.
Key Details
- Transaction date: February 26, 2026. Filing date: March 2, 2026. (No late-filing indication in the Form 4.)
- Award/acquisition: 952 performance-based restricted shares vested (reported at $0 acquisition price). Footnote: original grant (1/6/2023) paid out at 120% of target, producing 952 additional shares.
- Disposition: 2,485 shares transferred to the issuer for tax withholding at $115.36 per share; proceeds reported $286,670. (Transaction code F = tax withholding.)
- Shares owned after transaction: not specified in this Form 4; see the full filing for total holdings.
- Not a market sale: the disposition was a transfer to the company for tax withholding, a routine action when restricted shares vest.
Context
Vesting of performance-based restricted stock and corresponding share-withholdings for taxes are common executive compensation mechanics and do not necessarily signal a deliberate open-market sale. The acquisition here reflects compensation vesting based on company ROIC performance rather than a purchase.