SVP and CFO Lain Timothy covered exercise/tax liability with 8,669 shares, sold $595,091 worth of shares (3,250 units at $183.10) and exercised 15,132 shares at a strike of $47.43, increasing direct ownership by 3% to 95,038 units (SEC Form 4)
$CRS
Steel/Iron Ore
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CARPENTER TECHNOLOGY CORP [ CRS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/19/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 11/19/2024 | M | 3,303 | A | $40.43 | 95,127.73 | D | |||
| Common Stock | 11/19/2024 | M | 1,604 | A | $58.94 | 96,731.73 | D | |||
| Common Stock | 11/19/2024 | M | 2,727 | A | $58.23 | 99,458.73 | D | |||
| Common Stock | 11/19/2024 | M | 7,498 | A | $44.13 | 106,956.73 | D | |||
| Common Stock | 11/19/2024 | F | 8,669 | D | $184.5 | 98,287.73 | D | |||
| Common Stock | 11/20/2024 | S(1) | 3,250 | D | $183.105 | 95,037.73 | D | |||
| Common Stock | 3,109.73 | I(2) | By 401K Retirement Plan | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (Right to Buy) | $40.43 | 11/19/2024 | M | 3,303 | (3) | 07/31/2027 | Common Stock | 3,303 | (4) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $58.94 | 11/19/2024 | M | 1,604 | (5) | 08/06/2028 | Common Stock | 1,604 | (4) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $58.23 | 11/19/2024 | M | 2,727 | (6) | 09/14/2028 | Common Stock | 2,727 | (4) | 0 | D | ||||
| Employee Stock Option (Right to Buy) | $44.13 | 11/19/2024 | M | 7,498 | (7) | 08/15/2029 | Common Stock | 7,498 | (4) | 0 | D | ||||
| Explanation of Responses: |
| 1. The transactions reported in this line were undertaken by the Reporting Person for tax planning purposes. |
| 2. Includes shares acquired under the Retirement Plan of Carpenter Technology Corporation. The share balance under the Retirement Plan of Carpenter Technology fluctuates due to rounding differences produced by the Plan's method of estimating shares. |
| 3. One-third of this award became exercisable on each of July 31, 2018, 2019 and 2020. |
| 4. The reporting person was granted an option to buy shares of common stock under the Carpenter Technology Corporation Stock-Based Incentive Compensation Plan for Officers and Key Employees. |
| 5. One-third of this award became exercisable on each of August 6, 2019, 2020 and 2021. |
| 6. One-third of this award became exercisable on each of September 14, 2019, 2020 and 2021. |
| 7. One-third of this award became exercisable on each of August 15, 2020, 2021 and 2022. |
| James D. Dee/POA | 11/21/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||