Form 4: Director Stephen M. Ward Jr. Exercises Stock Options in Carpenter Technology Corp (CRS)

Stephen M. Ward Jr., a director of Carpenter Technology Corp, exercised stock options and disposed of shares on October 14, 2024.

Summary

• On October 14, 2024, Stephen M. Ward Jr., a director at Carpenter Technology Corporation, executed transactions involving the company's stock.
• Ward exercised stock options to acquire 2,445 shares of common stock at a price of $42.81 per share.
• Simultaneously, Ward disposed of 666 shares at a price of $157.28.
• Following these transactions, Ward directly owns 23,400 shares of Carpenter Technology Corp.
• The stock option exercise was automatic, completed before expiration, and pursuant to the terms of the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for directors to exercise stock options and sell shares for personal financial management.

Stakeholder Impact

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

Key Dates