Carpenter Technology (CRS) Director Ken Giacobbe Receives Award

What Happened
Ken Giacobbe, a director of Carpenter Technology Corporation (CRS), received equity awards on August 11, 2026: 225 restricted stock units (RSUs) and 21 option-style derivative awards. No per-share price or cash value is listed in the filing (amounts reported as N/A). The RSUs/options convert to common stock on a 1-for-1 basis per the filing footnotes.

Key Details

• Transaction date: 2026-08-11; Form filed: 2026-08-13 (appears to be filed within the typical two-business-day window).
• Awards: 225 RSUs (footnote F3) and 21 option awards (footnote F4). Both are reported as derivative awards (price = N/A).
• Conversion: Footnote F1 — awards convert to common stock on a 1-for-1 basis.
• Payment/vesting: Footnote F2 — payable upon the later of separation of service or a specified date/event (indicates deferred/contingent payout).
• Shares owned after transaction: not reported in the provided Form 4 data.
• No sale or purchase (cash) occurred — these are compensation grants to a non-employee director.

Context
These awards are non-employee director compensation granted under the company's stock-based compensation plan (routine for board members). RSUs and option grants typically vest over time or upon certain events and do not represent immediate cash proceeds; they therefore do not necessarily indicate the director is buying or selling based on near-term views of the stock.