Form 4: Carpenter Technology CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Carpenter Technology's President and CEO, Tony R Thene, executed stock options and disposed of shares on August 1, 2024.
Summary
- On August 1, 2024, Tony R Thene, President and CEO of Carpenter Technology Corporation, exercised stock options for 10,524 shares at a price of $53.95.
- Simultaneously, Thene disposed of 6,837 shares at a price of $143.94.
- Following these transactions, Thene directly owns 474,305 shares of Carpenter Technology Corp.
- The stock option award became exercisable in equal installments on August 1, 2015, 2016, and 2017.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, and does not inherently convey positive or negative sentiment.
Industry Context
Executive stock option exercises and share disposals are common occurrences in publicly traded companies and are often related to executive compensation plans and personal financial management.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 08/01/2015 | First vesting date of the stock option award. |
| 08/01/2016 | Second vesting date of the stock option award. |
| 08/01/2017 | Third vesting date of the stock option award. |
| 08/01/2024 | Date of stock option exercise and share disposal. |
| 08/05/2024 | Date of Form 4 filing. |
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