Carpenter Technology (CRS) VP Marshall Akins Receives Award, Sells Shares

What Happened

• Marshall Akins, Vice President and Chief Communications Officer of Carpenter Technology (CRS), received 12,912 shares upon vesting of a performance-based restricted stock unit award on July 14, 2026. To satisfy tax withholding obligations, 5,929 of those shares were surrendered/issued back (disposed) at $576.87 per share, generating proceeds of $3,420,262. The net shares retained from the award equal 6,983 (12,912 vested minus 5,929 withheld).

Key Details

• Transaction dates: performance certification and vesting effective July 14, 2026; Form 4 filed July 16, 2026 (period of report 2026-07-14).
• Award: 12,912 performance-based RSUs vested (code A — award/acquisition).
• Tax withholding: 5,929 shares withheld/surrendered (code F) at $576.87 per share = $3,420,262.
• Shares retained from the vesting: 6,983 shares.
• Footnotes: Award had an effective grant date of August 15, 2023 with performance period ending June 30, 2026; performance targets were certified July 14, 2026 by the board committees.
• Filing timeliness: Form 4 filed within the normal reporting window (no late filing flagged).

Context

• This was a performance-based RSU vesting event, not an open-market sale or option exercise. The sale/disposition (code F) reflects share withholding to cover taxes — a common administrative step when equity awards vest. Such withholding does not necessarily indicate a change in the insider’s view of the company.