Carpenter Technology Director Steven E. Karol Exercises and Sells $1.55M in Stock

Insider Transaction Overview

On September 4, 2026, Steven E. Karol, Director at Carpenter Technology Corp ($CRS), executed an option exercise and subsequent sale of 3,275 shares of Common Stock.

Key Details:

• Derivative Exercise: Exercised 3,275 director stock options expiring October 11, 2026, at an exercise price of $39.79 per share.
• Open Market Sale: Sold 3,275 shares at a weighted-average price of $474.0817 (ranging between $474.00 and $474.17), generating gross proceeds of approximately $1.55 million.
• Net Cash Proceeds: Approximately $1.42 million after deducting the option exercise cost ($130,312.25).
• Remaining Holdings: Following the transaction, Mr. Karol directly owns 177,000 shares and indirectly owns 223,381 shares through affiliates, maintaining an aggregate position of 400,381 shares.

Market Context & Significance:

• Significance Level: Low
• Rationale: The transaction represents a routine exercise and sale of stock options within ~1 month of their expiration date. The 3,275 shares sold represent less than 1% of the director's total beneficial ownership.