4Filed Aug 3, 8:00 PM ET
Crown Holdings EVP Djalma Novaes Sells 104 Shares for Taxes
$CCK · CROWN HOLDINGS, INC.Research Summary
AI-generated summary of this SEC filing
Crown Holdings EVP Djalma Novaes Sells 104 Shares for Taxes
What Happened
Djalma Novaes Jr., EVP & COO of Crown Holdings (CCK), transferred 104 shares back to the company on 2026-08-03 to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were recorded at $119.87 each for a total value of about $12,466. This is a routine tax-withholding disposition rather than an active sale intended as a market directional trade.
Key Details
- Transaction date and price: 2026-08-03, 104 shares @ $119.87 each (total ≈ $12,466).
- Transaction type/code: F — shares transferred to the company for tax withholding.
- Footnote: F1 — "Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock."
- Filing: Form 4 filed 2026-08-04 for a 2026-08-03 transaction (filed the next day; appears timely).
- Shares owned after transaction: Not specified in the provided filing summary.
Context
Tax-withholding transfers are common when restricted stock vests and do not necessarily reflect the insider’s view of the company’s prospects. This is not a purchase signal; it’s an administrative disposition to cover taxes.