DJALMA NOVAES JR - 03 Jan 2025 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 2025
Transactions value $
-$155,574
Form type
4
Filing time
07 Jan 2025, 09:39:54 UTC
Previous filing
23 Feb 2024
Next filing
28 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +18.5K +17.95% $0.00 122K 03 Jan 2025 Direct F1
transaction CCK Common Tax liability -$156K -1.94K -1.6% $80.11 120K 06 Jan 2025 Direct F2
transaction CCK Common Disposed to Issuer $0 -3.26K -2.72% $0.00 117K 06 Jan 2025 Direct
* 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 18,527 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 6,388 time-vested restricted shares vest over a three year period as follows: 2,130 time-vested restricted shares on January 5, 2026, 2,129 time-vested restricted shares on January 4, 2027 and January 3, 2028, respectively. 5,676 performance-based restricted shares are targeted to vest on January 3, 2028 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 5,676. 6,463 performance-based restricted shares are targeted to vest on January 3, 2028 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 6,463.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.