Form 4: Crown Holdings CEO Timothy Donahue Executes Stock Sale Under 10b5-1 Plan

Crown Holdings CEO Timothy Donahue sold 7,500 shares of common stock at $93 per share on October 7, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 7, 2024, Timothy J Donahue, President & CEO and Director of Crown Holdings, Inc. (CCK), sold 7,500 shares of CCK common stock.
• The sale was executed at a price of $93 per share.
• This transaction was conducted under a pre-arranged trading plan pursuant to Rule 10b5-1(c), which was adopted on September 8, 2023.
• Following the transaction, Donahue directly owns 571,178 shares of Crown Holdings, Inc.
• Additionally, Donahue indirectly owns 769 shares through the CCK 401(k) Plan as of September 30, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any recent non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates