Form 4: Crown Holdings CEO Timothy Donahue Sells 7,500 Shares
SEC Form 4 Filing
Crown Holdings CEO Timothy Donahue sold 7,500 shares of common stock at $85 per share on May 15, 2024, according to a recent SEC filing.
Summary
- Timothy J Donahue, President & CEO of Crown Holdings, Inc., sold 7,500 shares of common stock on May 15, 2024.
- The sale price was $85 per share.
- Following the transaction, Donahue directly owns 608,678 shares of Crown Holdings common stock.
- He also indirectly owns 764 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: Neutral. This is a standard SEC filing for an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of an insider transaction. It's common for executives to sell shares under pre-arranged plans to diversify their holdings or for personal financial planning.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although it is a relatively small transaction and executed under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 09/08/2023 | Adoption date of the 10b5-1(c) plan |
| 05/15/2024 | Date of the stock sale transaction |
| 05/16/2024 | Date of signature for the SEC filing |
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