Form 4: Carpenter Technology CEO Tony Thene Reports Stock Transactions
SEC Form 4 Filing
Tony Thene, President and CEO of Carpenter Technology, reports acquisition and disposal of common stock related to a performance-based restricted stock unit award.
Summary
- Tony Thene, the President and CEO of Carpenter Technology Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On July 16, 2024, Thene acquired 87,114 shares of common stock related to a performance-based restricted stock unit award.
- On the same day, Thene disposed of 38,287 shares of common stock at a price of $122.25.
- Following these transactions, Thene beneficially owns 470,618 shares of Carpenter Technology common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| August 16, 2021 | Effective grant date of performance-based restricted stock unit award. |
| June 30, 2024 | End of performance period for the restricted stock unit award. |
| July 16, 2024 | Date of financial results confirmation and approval by the Audit/Finance Committee and certification of performance targets by the Human Capital Management Committee. |
| July 16, 2024 | Date of stock acquisition and disposal transactions. |
| July 18, 2024 | Date of signature on the Form 4 filing. |
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