Form 4: Carpenter Technology Corp Director, Charles Douglas McLane Jr., Reports Acquisition of Director Stock Units

Charles Douglas McLane Jr., a director at Carpenter Technology Corp, reported the acquisition of director stock units convertible to common stock on September 30, 2024.

Summary

• On September 30, 2024, Charles Douglas McLane Jr., a director of Carpenter Technology Corp, acquired director stock units under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.
• The transaction involved the acquisition of 156.66 director stock units, which convert to common stock on a 1-for-1 basis.
• The price of the derivative security is $159.58.
• These units are payable upon the later of separation of service or a specified date or event.
• Following the reported transaction, McLane directly owns 23,042.67 shares of common stock, which includes dividend equivalents not previously reported.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a director's stock unit acquisition, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of a director's stock unit acquisition, which is a common practice in corporate governance to align the interests of directors with those of shareholders.

Stakeholder Impact

• The acquisition of director stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates