Form 4: Carpenter Technology Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4
James D. Dee, SVP Gen Counsel and Secretary of Carpenter Technology Corp, sold shares to cover tax obligations related to previously reported restricted stock units.
Summary
- On August 16, 2024, James D. Dee, SVP Gen Counsel and Secretary of Carpenter Technology Corp, disposed of 1,087 shares of common stock to cover tax obligations.
- The shares were sold at a price of $146.04 per share.
- Following the transaction, Dee directly owns 89,847.19 shares of Carpenter Technology Corp.
- The transaction was related to the withholding of tax shares on previously reported restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any fundamental change in the company's prospects.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of transaction: James D. Dee disposed of shares to cover tax obligations. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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