CLOTHIER KEVIN CHARLES 4
4 · CROWN HOLDINGS, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Crown Holdings (CCK) CFO Kevin Clothier Receives Award; Sells Shares
What Happened
Kevin Clothier, Senior Vice President & Chief Financial Officer of Crown Holdings (CCK), had 1,046 performance-based restricted shares issued upon vesting on February 26, 2026 (acquired at $0.00). Simultaneously, 2,469 shares were transferred (disposed) to the company to satisfy tax withholding obligations at a reported price of $115.36 per share, totaling about $284,824.
Key Details
- Transaction date: February 26, 2026 (reported on Form 4 filed March 2, 2026).
- Award: 1,046 performance-based restricted shares issued (acquisition price $0.00).
- Tax withholding: 2,469 shares transferred to the company at $115.36 each; proceeds/value ≈ $284,824.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1 — These 1,046 shares are additional performance-based shares from a grant originally reported on Jan 6, 2023; payout was 120% of target (original target base 5,228).
- F2 — The 2,469-share disposition represents shares surrendered to the company to satisfy tax withholding on vesting.
- Filing timeliness: Filed March 2, 2026; this appears to be within the required two-business-day Form 4 reporting window for the Feb 26 transaction.
Context
This was primarily a vesting of performance-based restricted stock (an award), not an open-market purchase or voluntary sale; the share transfer was a routine, non-discretionary tax-withholding action. Awards and tax withholdings are common executive compensation mechanics and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
- Award
Common
[F1]2026-02-26+1,046→ 82,613 total - Tax Payment
Common
[F2]2026-02-26$115.36/sh−2,469$284,824→ 80,144 total
- 364(indirect: By 401(k))
Common
Footnotes (2)
- [F1]Represents additional performance-based shares of Restricted Common Stock that vested on February 26, 2026 whose grant was originally reported on a Form 4 filed with the Securities and Exchange Commission on January 6, 2023 (the "Original Form 4"). As reported on the Original Form 4, such performance-based shares were originally granted to the Reporting Person based on the Company's Return on Invested Capital achieved by the Company compared to the ROIC target with the final number of performance-based shares varying from 0 to 200% of 5,228. The Return on Invested Capital achieved by the Company compared to the ROIC target yielded a 120% payout. As a result, 1,046 additional performance-based restricted shares were issued.
- [F2]Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.