Form 4: Crown Holdings CEO Transfers Shares to Family Trusts

Crown Holdings CEO, Timothy J. Donahue, transferred 124,470 shares to irrevocable family trusts, relinquishing beneficial ownership.

Summary

• Timothy J. Donahue, the President and CEO of Crown Holdings, Inc., reported a transaction on December 6, 2024.
• He transferred 124,470 shares of common stock to irrevocable family trusts.
• Following this transaction, Mr. Donahue directly owns 439,208 shares of Crown Holdings common stock.
• He also indirectly owns 769 shares through a 401(k) plan.
• Mr. Donahue disclaims any beneficial ownership of the shares transferred to the family trusts.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to insider transactions and is not indicative of any broader industry trends.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The transfer of shares to family trusts is a common estate planning strategy among executives.
• The transaction is similar to other executive stock transfers reported by companies in the same sector.

Stakeholder Impact

• The transaction has no direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Crown Holdings, Timothy J. Donahue, stock transfer, family trusts, beneficial ownership, SEC Form 4, insider transaction