HART ANASTASIOS JOHN 4

What Happened
Anastasios John Hart, a director of Carpenter Technology Corporation (CRS), exercised options to acquire 750 shares on 2026-05-04 at an exercise price of $45.12 per share (total cost $33,840) and then sold 750 shares in an open-market transaction the same day for an average price of $423.86 per share (total proceeds ~$317,897). The filing records the option conversion/exercise and the subsequent sale, which effectively looks like a cashless exercise followed by an immediate sale.

Key Details

• Transaction date: 2026-05-04; Filing date: 2026-05-06 (timely).
• Exercise: 750 shares acquired at $45.12 each (total $33,840).
• Sale: 750 shares sold in open market at an average price of $423.86 each (total ~$317,897). Per footnote, individual sale prices ranged $423.52–$424.18, and the reported $423.86 is a daily average. (F1)
• Derivative record: The filing includes a separate derivative-entry reflecting the option conversion/exercise. (M codes)
• Grant context: Options were granted under the Carpenter Technology Stock Based Compensation Plan for Non-Employee Directors. (F2)
• Shares owned after transaction: Not specified in the filing.

Context
Because the shares were exercised at the option strike price and then immediately sold, this is a cashless exercise rather than an independent open-market purchase (so it’s not a new buy signal). Sales by non-employee directors following option exercises are common and often reflect routine compensation liquidation rather than a broader view on company prospects. The filing does not indicate a 10b5-1 plan or any late filing.