Carpenter Technology CFO Timothy Lain's Performance Award Vesting and Stock Sale
This Form 4 filing reports transactions by Timothy Lain, SVP and CFO of Carpenter Technology Corporation, on July 14, 2026. The transactions involve the vesting of a performance-based restricted stock unit award and subsequent stock sale. Lain received 18,076 shares through the vesting of a performance award granted on August 15, 2023, with performance period ending June 30, 2026. The performance targets were certified as achieved on July 14, 2026. On the same day, Lain sold 8,300 shares at $576.87 per share, generating approximately $4.79 million in proceeds. Following these transactions, Lain's direct ownership stands at 116,073.73 shares, plus an additional 3,138.321 shares held indirectly through the 401K Retirement Plan. The transactions reflect the successful completion of a three-year performance period and subsequent partial liquidation of the vested shares.