Form 4: Crown Holdings CEO Timothy Donahue Sells 7,500 Shares

Crown Holdings CEO Timothy Donahue sold 7,500 shares of common stock at a price of $96.73 per share on November 6, 2024, according to a Form 4 filing with the SEC.

Summary

• On November 6, 2024, Timothy J Donahue, the President & CEO of Crown Holdings, Inc., sold 7,500 shares of the company's common stock.
• The sale was executed at a price of $96.73 per share.
• Following the transaction, Donahue directly owns 563,678 shares of Crown Holdings common stock.
• Donahue also indirectly owns 769 shares through a 401(k) plan.
• The transaction was made pursuant to a pre-arranged 10b5-1(c) plan adopted on September 8, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates