NOVAES DJALMA JR 4

What Happened Djalma Novaes, EVP & COO of Crown Holdings (CCK), had 1,016 performance-based restricted shares vest on Feb 26, 2026 (grant reported originally Jan 6, 2023). Those shares were issued at $0.00. In connection with the vesting, 2,399 shares were transferred back to the company to satisfy tax withholding obligations at $115.36 per share, totaling about $276,749. The award (A) is an acquisition of shares via vesting; the transfer (F) represents tax withholding, not an open-market sale.

Key Details

• Transaction dates: February 26, 2026 (vesting and tax withholding); Form 4 filed March 2, 2026 (timely).
• Award: 1,016 performance-based restricted shares acquired at $0.00.
• Withholding: 2,399 shares disposed/withheld at $115.36 each; total value ~$276,749.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: These 1,016 shares are additional performance-based shares from a Jan 6, 2023 grant tied to ROIC performance; the company achieved a 120% payout of the original performance target.
  • F2: The 2,399 shares were transferred to Crown to cover tax withholding on the vested shares.
• Transaction codes: A = Award/Grant; F = Tax withholding.

Context This was a routine vesting of performance-restricted stock under a prior grant, with a portion of the vested shares withheld to satisfy tax obligations (cashless withholding). Such withholding transactions are administrative and do not necessarily indicate insider buying or selling intent in the open market.