Carpenter Technology Director Ken Giacobbe Receives Annual Equity Grants

Executive Summary

On October 8, 2026, Carpenter Technology Corp ($CRS) filed a Form 4 reporting director equity awards granted to board member Ken Giacobbe on October 6, 2026. The awards were made pursuant to the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.

Transaction Breakdown

1. Director Stock Units (DSUs):

   • Shares Acquired: 361 units (Transaction Code: A)
   • Conversion Ratio: Converts to common stock on a 1-for-1 basis upon separation of service or a specified date/event.
   • Post-Transaction Holdings: 586 DSUs held directly.

2. Director Stock Options (Right to Buy):

   • Options Acquired: 193 options (Transaction Code: A)
   • Exercise Price: $395.71 per share
   • Exercisable Date: October 6, 2027
   • Expiration Date: October 6, 2036
   • Post-Transaction Holdings: 193 options held directly.

Market and Trading Assessment

• Significance: Low
• Context: These derivative security acquisitions are standard non-employee director compensation grants. Because they represent scheduled equity compensation rather than open-market purchases or sales, they provide minimal directional signaling for the stock.