HART ANASTASIOS JOHN 4

What Happened

• Anastasios John Hart, a Carpenter Technology (CRS) director, exercised 250 stock options on May 28, 2026 at $45.12 per share (total cost $11,280) and sold 250 shares the same day for an average price of $461.88 per share (total proceeds ~$115,470). A related derivative entry shows the conversion/disposition of 250 option units tied to the exercise.

Key Details

• Transaction date: 2026-05-28; filing date (Form 4): 2026-06-01.
• Exercise: 250 shares @ $45.12 = $11,280 (cash paid to exercise).
• Sale: 250 shares @ average $461.88 = $115,470 (footnote: individual sale prices ranged $461.86–$461.955).
• Derivative entry: 250 option units marked as disposed/converted in connection with the exercise.
• Shares held after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F2 notes the options were granted under Carpenter’s Stock Based Compensation Plan for Non‑Employee Directors; F1 explains the reported sale price is a day-average and gives the trade price range.
• Timeliness: Filing occurred four days after the trade date (Form 4s are generally due within 2 business days), so this may have been filed late.

Context

• This is a common pattern called a cashless exercise: the director exercised options and sold the resulting shares the same day, converting option value into proceeds. Such same‑day exercises followed by sales are routine for non-employee directors who use grants to meet cash needs or diversify and do not necessarily indicate a change in confidence in the company.