Carpenter Technology Director Steven E. Karol Receives Annual Equity Grants

Overview & Context

On October 8, 2026, Steven E. Karol, a Director of Carpenter Technology Corp ($CRS), filed a Form 4 reporting annual director equity compensation granted on October 6, 2026.

Transaction Summary

• Director Stock Units (DSUs): 361 units were acquired directly under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors. These units convert to common stock on a 1-for-1 basis payable upon the later of separation of service or a specified date/event. Following this award, Karol directly holds 41,462.51 director stock units (which includes previously accumulated dividend equivalents).
• Director Stock Options: Karol was also awarded 193 stock options with an exercise price of $395.71 per share. The options vest and become exercisable on October 6, 2027, and expire on October 6, 2036.

Market & Trading Significance

This transaction represents routine annual director compensation structured in stock units and options rather than an open-market purchase or sale. Because these awards are standard component parts of non-employee board remuneration plans, the filing carries Low trading significance and does not indicate directional market conviction.