Djalma Novaes Jr - Jan 4, 2023 Form 4 Insider Report for CROWN HOLDINGS INC (CCK)

Signature
/s/ Rosemary Haselroth, by Power of Attorney
Stock symbol
CCK
Transactions as of
Jan 4, 2023
Transactions value $
-$43,467
Form type
4
Date filed
1/6/2023, 02:46 PM
Previous filing
Jun 1, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCK Common Award $0 +14.5K +18.03% $0.00 94.8K Jan 4, 2023 Direct F1
transaction CCK Common Tax liability -$43.5K -522 -0.55% $83.27 94.3K Jan 5, 2023 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 14,486 shares of Restricted Common Stock under the 2022 Stock-Based Compensation Plan. 5,035 time-vested restricted shares vest over a three year period as follows: 1,679 time-vested restricted shares on January 4, 2024, 1,678 time-vested restricted shares on January 6, 2025 and January 5, 2026, respectively. 4,372 performance-based restricted shares are targeted to vest on January 5, 2026 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 4,372. 5,079 performance-based restricted shares are targeted to vest on January 5, 2026 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 5,079.
F2 Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.