CRS.NYSECarpenter Technology CORP

Form 4: Carpenter Technology SVP and CFO Timothy Lain Executes Stock Option and Disposes of Shares

Sentiment:

SEC Form 4 Filing

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Timothy Lain, SVP and CFO of Carpenter Technology, exercised stock options and disposed of shares on August 1, 2024.

Summary

  • On August 1, 2024, Timothy Lain, the SVP and CFO of Carpenter Technology Corporation, exercised stock options to acquire 2,255 shares of common stock at a price of $53.95 per share.
  • Simultaneously, Mr. Lain disposed of 1,445 shares to cover tax obligations at a price of $143.94.
  • Following these transactions, Mr. Lain directly owns 92,665.73 shares of Carpenter Technology common stock and indirectly owns 3,097 shares through a 401k retirement plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, neither inherently positive nor negative.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's a standard practice for publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

DateDescription
08/01/2015Stock Option Award became exercisable in equal installments.
08/01/2016Stock Option Award became exercisable in equal installments.
08/01/2017Stock Option Award became exercisable in equal installments.
08/01/2024Timothy Lain exercised stock options and disposed of shares.
08/05/2024Date of signature for the Form 4 filing.

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