Form 4: Carpenter Technology CEO Exercises Options and Sells Shares for Tax Planning
SEC Form 4 Filing
Carpenter Technology's CEO, Tony R. Thene, exercised stock options and sold shares for tax planning purposes, according to a recent SEC filing.
Summary
- Tony R. Thene, the President and CEO of Carpenter Technology Corporation, executed several transactions involving the company's stock.
- On November 19, 2024, Mr. Thene exercised stock options to acquire 61,650 shares at $40.43, 29,930 shares at $58.94, and 43,500 shares at $44.13.
- Also on November 19, 2024, 78,133 shares were disposed of at $184.50.
- On November 20, 2024, Mr. Thene sold 26,000 shares at an average price of $180.9771, 1,200 shares at an average price of $181.7285, and 1,300 shares at an average price of $182.9113.
- These transactions resulted in a change in Mr. Thene's direct holdings of Carpenter Technology stock, with a final holding of 494,206 shares directly and 5,500 shares indirectly held in a trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are often related to compensation and tax planning.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice across publicly traded companies, particularly around vesting periods and tax planning.
- The reported transactions are within the typical range of executive compensation activities and do not appear unusual compared to similar filings from other companies.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold by the CEO.
- The transactions do not have a direct impact on employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 09/17/2010 | Date of the Thene Revocable Living Trust. |
| 07/31/2018 | First exercisable date for one-third of the 61,650 stock options granted. |
| 07/31/2019 | Second exercisable date for one-third of the 61,650 stock options granted. |
| 07/31/2020 | Third exercisable date for one-third of the 61,650 stock options granted. |
| 08/06/2019 | First exercisable date for one-third of the 29,930 stock options granted. |
| 08/06/2020 | Second exercisable date for one-third of the 29,930 stock options granted. |
| 08/06/2021 | Third exercisable date for one-third of the 29,930 stock options granted. |
| 08/15/2020 | First exercisable date for one-third of the 43,500 stock options granted. |
| 08/15/2021 | Second exercisable date for one-third of the 43,500 stock options granted. |
| 08/15/2022 | Third exercisable date for one-third of the 43,500 stock options granted. |
| 11/19/2024 | Date of stock option exercises and share disposals. |
| 11/20/2024 | Date of stock sales. |
| 11/21/2024 | Date of the filing. |
Keywords
stock options, insider trading, SEC Form 4, Carpenter Technology, Tony R. Thene, stock sale, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.