Malloy Brian J 4
Research Summary
AI-generated summary
Carpenter CEO Brian Malloy Receives Award; 7,905 Shares Withheld
What Happened
- Brian J. Malloy, President, CEO and Director of Carpenter Technology Corp (CRS), had a performance-based restricted stock unit (RSU) award vest on July 14, 2026 (17,216 shares acquired). To cover tax withholding on the vesting, 7,905 shares were surrendered (disposed) at $576.87 per share, totaling $4,560,157.
- This transaction reflects an award vesting and accompanying tax-withholding share surrender, not an open-market sale or purchase.
Key Details
- Transaction dates: Vesting and withholding occurred on July 14, 2026; Form 4 filed July 16, 2026 (timely).
- Reported shares: 17,216 shares vested (award); 7,905 shares withheld for taxes at $576.87/share (proceeds $4,560,157).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: (F1) Performance RSU granted with effective grant date Aug 15, 2023 and performance period ending June 30, 2026; performance certified by Board committees on July 14, 2026. (F2) Includes shares from the company’s dividend reinvestment program. (F3) Vesting occurred under the Carpenter Stock-Based Compensation Plan for Officers and Key Employees.
- Transaction codes: A = Award/Grant (vesting of RSUs); F = tax withholding (shares surrendered to cover tax liability).
Context
- This was a vesting of performance RSUs, with shares withheld to satisfy tax obligations (common practice). It is not an indication of an open-market sale by the insider. The filing shows certification of performance metrics by the Board committees before vesting.