Carpenter Technology (CRS) Director Younessi Exercises Options, Sells 438 Shares

What Happened

• Director Ramin Younessi exercised stock options to acquire 438 shares at $161.38 per share (cost $70,684) and sold those 438 shares the same day in the open market for an average price of $493.15, generating gross proceeds of about $216,001. The net pre-tax gain (proceeds minus exercise cost) was roughly $145,317.
• The Form 4 shows the derivative (the option) was converted/exercised (removed) as part of the transaction.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-25 (filed within the standard two-business-day window).
• Exercise price paid: $161.38 per share (total $70,684).
• Sale price: average $493.15 per share (total $216,001). Reported sale price is an average; individual trades ranged $492.60–$493.19 (see footnote).
• Footnotes: F1 notes inclusion of dividend equivalents not previously reported; F3 indicates the option was granted under Carpenter’s Stock Based Compensation Plan for Non-Employee Directors.
• Shares owned after the transaction: not disclosed in this Form 4.

Context

• This was a same-day exercise and sale (a cashless-style outcome): the director exercised options and immediately sold the resulting shares. Such transactions are common for option compensation and are generally considered routine rather than a clear bullish signal.
• For retail investors, note that exercises followed by immediate sales realize compensation value rather than indicating ongoing insider accumulation.