Carlos Baila - 03 Jan 2024 Form 4 Insider Report for CROWN HOLDINGS, INC. (CCK)

Signature
/s/ Rosemary Haselroth, by Power of Attorney
Issuer symbol
CCK
Transactions as of
03 Jan 2024
Net transactions value
-$49,145
Form type
4
Filing time
05 Jan 2024, 11:55:50 UTC
Previous filing
16 May 2023
Next filing
07 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +10,028 +60% $0.000000 26,639 03 Jan 2024 Direct F1
transaction CCK Common Tax liability $49,145 -544 -2% $90.34 26,095 04 Jan 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 10,028 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 3,448 time-vested restricted shares vest over a three year period as follows: 1,150 time-vested restricted shares on January 6, 2025, 1,149 time-vested restricted shares on January 5, 2026 and January 4, 2027, respectively. 3,093 performance-based restricted shares are targeted to vest on January 4, 2027 based on the Company's Total Shareholder Return versus a defined peer group of companies, with the final number of performance-based vested shares varying from 0 to 200% of 3,093. 3,487 performance-based restricted shares are targeted to vest on January 4, 2027 based on the Return on Invested Capital achieved by the Company compared to the ROIC target, with the final number of performance-based vested shares varying from 0 to 3,487.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.