LAIN TIMOTHY 4
4 · CARPENTER TECHNOLOGY CORP · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Carpenter Technology (CRS) CFO Timothy Lain Receives Award, Withholds Shares
What Happened
Timothy Lain, SVP and Chief Financial Officer of Carpenter Technology (CRS), received 18,076 performance-based restricted stock units (RSUs) that vested on July 14, 2026. To satisfy tax withholding on the vesting, 8,300 vested shares were surrendered/withheld at a value of $576.87 per share, totaling approximately $4,788,021. This was a vesting/tax-withholding event — not an open-market sale or purchase.
Key Details
- Transaction date: July 14, 2026 (reported on Form 4 filed July 16, 2026). Filing appears timely.
- Award: 18,076 performance-based RSUs vested (code A; acquired). Grant effective date was Aug 15, 2023; performance period ended June 30, 2026; achievement certified July 14, 2026 (Footnote F1).
- Tax withholding: 8,300 shares were withheld/disposed (code F) at $576.87 per share, proceeds ≈ $4,788,021. This reflects shares surrendered to cover withholding/tax liability (Footnote F2).
- Shares owned after the transaction: not specified in the provided filing text.
- Additional note: reported shares include amounts under Carpenter’s Retirement Plan; balances may fluctuate due to rounding (Footnote F3).
Context
This was a routine vesting of performance RSUs with shares withheld to cover taxes — common for equity compensation. Such withholding is not the same as an executive selling shares for diversification or cash; it’s a tax-related disposition tied to the award vesting.
Insider Transaction Report
- Award
Common Stock
[F1]2026-07-14+18,076→ 124,373.73 total - Tax Payment
Common Stock
[F2]2026-07-14$576.87/sh−8,300$4,788,021→ 116,073.73 total
- 3,138.321(indirect: By 401(k))
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]Includes shares acquired under the Retirement Plan of Carpenter Technology Corporation. The share balance under the Retirement Plan of Carpenter Technology fluctuates due to rounding differences produced by the Plan's method of estimating shares.