Form 4: Carpenter Technology Director Exercises Stock Options and Sells Shares for Tax Planning

Director I. Martin Inglis exercised stock options and sold shares of Carpenter Technology Corp. on September 13 and 17, 2024, for tax planning purposes.

Summary

• I. Martin Inglis, a director of Carpenter Technology Corp., executed transactions involving the company's common stock.
• On September 13, 2024, Inglis exercised stock options to acquire 2,445 shares at a price of $42.81 per share.
• Also on September 13, 2024, Inglis disposed of 735 shares to cover tax obligations at a price of $142.41.
• On September 17, 2024, Inglis sold 750 shares at an average price of $143.63 per share, with prices ranging from $143.628 to $143.634.
• Following these transactions, Inglis directly owns 4,253 shares and indirectly owns 400 shares held in a trust.
• The transactions were undertaken for tax planning purposes.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions by a company director. The transactions appear to be routine and for tax planning purposes.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives and directors. These filings are monitored by investors to gain insights into management's perspective on the company's stock and future prospects.

Key Dates