Form 4: Carpenter Technology Director Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Director Steven E. Karol exercised stock options and sold shares of Carpenter Technology Corporation on May 15, 2024.
Summary
- On May 15, 2024, Steven E. Karol, a director of Carpenter Technology Corporation, exercised stock options to acquire 2,445 shares of common stock at a price of $42.81 per share.
- Simultaneously, Karol sold 2,445 shares of common stock at an average price of $108.8756 per share, with individual transactions ranging from $108.805 to $108.98.
- Following these transactions, Karol directly owns 180,000 shares of Carpenter Technology Corporation common stock and indirectly owns 244,126 shares through an affiliate.
- The stock option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors on October 14, 2015, and was set to expire on October 14, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing reflects routine transactions by a company insider and is typical for directors who receive stock options as part of their compensation. It doesn't necessarily indicate a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 10/14/2015 | Date the stock option was granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors. |
| 05/15/2024 | Date of the transaction: exercise of stock options and sale of shares. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
| 10/14/2024 | Expiration date of the stock option. |
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