Form 4: Carpenter Technology Executive Akins Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Marshall D. Akins, VP and Chief Commercial Officer of Carpenter Technology, exercised stock options and sold shares of common stock on May 8, 2024.
Summary
- On May 8, 2024, Marshall D. Akins, VP and Chief Commercial Officer of Carpenter Technology Corporation, executed transactions involving the company's stock.
- Akins exercised employee stock options to acquire 2,673 shares at $58.94 and 1,685 shares at $44.13.
- Concurrently, Akins sold 4,358 shares at $102.23.
- Following these transactions, Akins directly owns 23,013.77 shares of Carpenter Technology common stock.
- The transactions involved options that became exercisable in tranches on August 6, 2019, 2020, and 2021, and August 15, 2020, 2021, and 2022.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Monitoring these transactions can provide insights into an executive's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the sale of shares by an executive, which could slightly increase the stock's float.
Key Dates
| Date | Description |
|---|---|
| 08/06/2019 | One-third of the 2,673 options became exercisable. |
| 08/15/2020 | One-third of the 1,685 options became exercisable. |
| 08/06/2020 | One-third of the 2,673 options became exercisable. |
| 08/15/2021 | One-third of the 1,685 options became exercisable. |
| 08/06/2021 | One-third of the 2,673 options became exercisable. |
| 08/15/2022 | One-third of the 1,685 options became exercisable. |
| 05/08/2024 | Akins exercised stock options and sold shares. |
| 08/06/2028 | Expiration date of 2,673 options. |
| 08/15/2029 | Expiration date of 1,685 options. |
| 05/10/2024 | Date of Form 4 signature. |
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