Form 4: Crown Holdings CEO's Performance Shares Vest, Tax Withheld

Crown Holdings CEO Timothy J. Donahue reported the vesting of performance-based restricted stock and subsequent tax-related share disposition.

Summary

• Timothy J. Donahue, President & CEO and Director of Crown Holdings, Inc. (CCK), reported transactions related to his beneficial ownership.
• On February 26, 2026, 6,367 additional performance-based restricted common shares vested.
• These shares were part of an original grant reported on January 6, 2023, which was tied to the Company's Return on Invested Capital (ROIC) target.
• The Company achieved a 120% payout against the ROIC target, resulting in the issuance of these additional shares.
• Concurrently, 15,033 shares were disposed of at a price of $115.36 per share to cover tax withholding obligations related to the vesting.
• Following these transactions, Mr. Donahue directly beneficially owns 466,070 common shares and indirectly owns 778 common shares through a 401(k) Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively due to the 120% payout on performance-based shares, indicating strong achievement against internal ROIC targets. The tax withholding is a routine, neutral event.

Positives

• The vesting of 6,367 performance-based restricted shares indicates that Crown Holdings achieved 120% of its Return on Invested Capital (ROIC) target, demonstrating strong company performance against internal metrics.

Negatives

• The disposition of 15,033 shares for tax withholding purposes, while a standard practice, results in a reduction of the CEO's direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into executive compensation and insider ownership changes, which are closely watched by investors for insights into management's alignment with shareholder interests. The vesting of performance-based awards at a 120% payout suggests strong internal performance relative to targets, which can be a positive signal for the company's operational efficiency within its industry.

Stakeholder Impact

• Shareholders: The vesting of performance shares at a 120% payout suggests that the company's management is meeting or exceeding key performance indicators, which could be viewed positively by shareholders.

Key Dates

Keywords

Crown Holdings, CCK, Timothy J. Donahue, Form 4, Insider Transaction, Restricted Stock, Stock Vesting, Tax Withholding, Executive Compensation, Return on Invested Capital